Introduction
Lending Lido DAO can be a great option for those who want to hold LDO 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. Obtain Lido DAO (LDO) Tokens
In order to lend Lido DAO, you need to have it. To obtain Lido DAO, you’ll need to purchase it. You can choose from these popular exchanges.
See all 17 pricesPlatform Coin Price Nexo Lido DAO (LDO) 1.00 Bitpanda Lido DAO (LDO) 1.00 Uphold Lido DAO (LDO) 1.00 Kraken Lido DAO (LDO) 1.04 OKX Lido DAO (LDO) 0.99 Binance Lido DAO (LDO) 1.03 2. Choose a Lido DAO Lender
Once you have LDO, you’ll need to choose a Lido DAO lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Lido DAO (LDO) Up to 0.50 APY Aave Lido DAO (LDO) Up to 0.00 APY 3. Lend Your Lido DAO
Once you’ve chosen a platform to lending your Lido DAO, transfer your Lido DAO 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
Lido DAO (LDO) is currently priced at $1.00 with a 24-hour trading volume of $93.66M. The market cap of Lido DAO stands at $907.23M, with $895.72M LDO in circulation. For those looking to buy or trade Lido DAO, Aave offers avenues to do so securely and efficiently}
- Market cap
- $907.23M
- 24h volume
- $93.66M
- Circulating supply
- $895.72M