Where and How to Lend Kadena (KDA)

Introduction

Lending Kadena can be a great option for those who want to hold KDA 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 Guide

1. 1. Obtain Kadena (KDA) Tokens

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

   Platform	Coin	Price
   Bitpanda	Kadena (KDA)	0.51
   Uphold	Kadena (KDA)	0.50
   OKX	Kadena (KDA)	0.51
   Binance	Kadena (KDA)	0.51
   Bitmart	Kadena (KDA)	0.71
   BingX	Kadena (KDA)	0.51

   See all 13 prices

2. 2. Choose a Kadena Lender

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

   Platform	Coin	Interest rate
   Kucoin	Kadena (KDA)	Up to 0.01 APY

3. 3. Lend Your Kadena

   Once you’ve chosen a platform to lending your Kadena, transfer your Kadena 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.