Where & how to lend Polymesh (POLYX)

Introduction

Lending Polymesh can be a great option for those who want to hold POLYX 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 Polymesh (POLYX) tokens

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

   Platform	Coin	Price
   Bitpanda	Polymesh (POLYX)	$0.2441
   Binance	Polymesh (POLYX)	$0.223
   Bitmart	Polymesh (POLYX)	$0.2372
   BingX	Polymesh (POLYX)	$0.2435
   Kucoin	Polymesh (POLYX)	$0.2435
   Bitget	Polymesh (POLYX)	$0.2435

   See all 7 prices

2. 2. Choose a Polymesh lender

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

   Platform	Coin	Interest rate
   Kucoin	Polymesh (POLYX)	Up to 0.5% APY

3. 3. Lend your Polymesh

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