Where and How to Lend yearn.finance (YFI)

Introduction

Lending yearn.finance can be a great option for those who wish to hold YFI but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire yearn.finance (YFI) Tokens

   To lend yearn.finance, you need to have it. To obtain yearn.finance, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	yearn.finance (YFI)	4,540.93
   Uphold	yearn.finance (YFI)	4,535.62
   YouHodler	yearn.finance (YFI)	4,531
   Kraken	yearn.finance (YFI)	4,523
   OKX	yearn.finance (YFI)	5,324
   M2	yearn.finance (YFI)	4,534.99

   See all 61 prices

2. 2. Select a yearn.finance Lender

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

   Platform	Coin	Interest rate
   YouHodler	yearn.finance (YFI)	Up to 12 APY
   Blockchain.com	yearn.finance (YFI)	Up to 1 APY
   Kucoin	yearn.finance (YFI)	Up to 0.5 APY

   See all 8 lending rates

3. 3. Lend Your yearn.finance

   After you have selected a platform for lending your yearn.finance, transfer your yearn.finance into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.