Introduction
Lending DeFiChain can be a great option for those who want to hold DFI 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. Obtain DeFiChain (DFI) tokens
In order to lend DeFiChain, you need to have it. To obtain DeFiChain, you’ll need to purchase it. You can choose from these popular exchanges.
See all 5 pricesPlatform Coin Price MEXC Global DeFiChain (DFI) $0.0037 Kucoin DeFiChain (DFI) $0.0223 Bitget DeFiChain (DFI) $0.0223 Bake DeFiChain (DFI) $0.0225 Bybit DeFiChain (DFI) $0.0221 2. Choose a DeFiChain lender
Once you have DFI, you’ll need to choose a DeFiChain lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Bake DeFiChain (DFI) Up to 0.059% APY 3. Lend your DeFiChain
Once you’ve chosen a platform to lending your DeFiChain, transfer your DeFiChain 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. 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.
Latest movements
DeFiChain (DFI) is currently priced at $0.0225 with a 24-hour trading volume of $45.13K. In the last 24 hours, DeFiChain has seen an increase of 1.45%. For those looking to buy or trade DeFiChain, reputable platforms like MEXC Global, Kucoin and Bitget offer avenues to do so securely and efficiently.
- 24h Volume
- $45.13K