Where and How to Lend yearn.finance (YFI)

Introduction

Lending yearn.finance can be a great option for those who want to hold YFI 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 yearn.finance (YFI) Tokens

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

   Platform	Coin	Price
   Nexo	yearn.finance (YFI)	6.23K
   Bitpanda	yearn.finance (YFI)	6.17K
   Uphold	yearn.finance (YFI)	6.41K
   Kraken	yearn.finance (YFI)	6.69K
   OKX	yearn.finance (YFI)	6.67K
   YouHodler	yearn.finance (YFI)	6.25K

   See all 23 prices

2. 2. Choose 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 12.00 APY
   Kucoin	yearn.finance (YFI)	Up to 0.50 APY

   See all 5 lending rates

3. 3. Lend Your yearn.finance

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