Where and How to Lend Raydium (RAY)

Introduction

Lending Raydium can be a great option for those who want to hold RAY 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 Raydium (RAY) Tokens

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

   Platform	Coin	Price
   Bitpanda	Raydium (RAY)	3.42
   Uphold	Raydium (RAY)	3.41
   Kraken	Raydium (RAY)	3.22
   OKX	Raydium (RAY)	3.42
   YouHodler	Raydium (RAY)	3.40
   Binance	Raydium (RAY)	3.30

   See all 16 prices

2. 2. Choose a Raydium Lender

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

   Platform	Coin	Interest rate
   YouHodler	Raydium (RAY)	Up to 16.00 APY
   Kucoin	Raydium (RAY)	Up to 0.50 APY
   OKX	Raydium (RAY)	Up to 1.00 APY

3. 3. Lend Your Raydium

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