Where & how to lend Vulcan Forged (PYR)

Introduction

Lending Vulcan Forged can be a great option for those who want to hold PYR 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 Vulcan Forged (PYR) tokens

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

   Platform	Coin	Price
   Bitpanda	Vulcan Forged (PYR)	$2.62
   Uphold	Vulcan Forged (PYR)	$2.54
   Binance	Vulcan Forged (PYR)	$2.56
   Coinbase	Vulcan Forged (PYR)	$2.61
   BingX	Vulcan Forged (PYR)	$2.61
   Bitmart	Vulcan Forged (PYR)	$4.49

   See all 11 prices

2. 2. Choose a Vulcan Forged lender

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

   Platform	Coin	Interest rate
   Kucoin	Vulcan Forged (PYR)	Up to 0.5% APY

3. 3. Lend your Vulcan Forged

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