Where & how to lend Bonk (BONK)

Introduction

Lending Bonk can be a great option for those who want to hold BONK but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Bonk (BONK) tokens

   In order to lend Bonk, you need to have it. To obtain Bonk, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Bonk (BONK)	$0.0000236
   Bitpanda	Bonk (BONK)	$0.00002358
   Uphold	Bonk (BONK)	$0.00002342
   Kraken	Bonk (BONK)	$0.0000235
   OKX	Bonk (BONK)	$0.00002331
   Binance	Bonk (BONK)	$0.00002231

   See all 18 prices

2. 2. Choose a Bonk lender

   Once you have BONK, you’ll need to choose a Bonk lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   OKX	Bonk (BONK)	Up to 1% APY

3. 3. Lend your Bonk

   Once you’ve chosen a platform to lending your Bonk, transfer your Bonk into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.