Tether (USDT) and USDC (USDC) are now available for DeFi Lending in the Crypto.com App and on the Crypto.com Exchange, providing more ways for users to put their idle stablecoins to work.

What is DeFi Lending?

DeFi Lending lets users supply their assets on DeFi protocols to enjoy yield without imposed terms. Lenders deposit tokens into decentralised lending pools for borrowers to obtain liquidity. In return, they receive rewards from the DeFi protocol according to lending rates determined by supply and demand.

How to start lending:

Crypto.com App

From the home screen, go to Earn > DeFi Yield > DeFi Lending
Select the token and input the amount you wish to lend
Read and accept the Terms and Conditions, then tap Confirm

Crypto.com Exchange

From the home page, go to Yield > Staking & DeFi
Select the token and input the amount you wish to lend
Read and accept the Terms and Conditions, then tap Confirm

Benefits of DeFi Lending

Frequent Payouts: Rewards are distributed up to three times per week, as determined by the DeFi protocol
Flexible Redemption: Redeem the supplied tokens back to your Crypto.com App or Crypto.com Exchange wallet anytime

DeFi Lending is available in select jurisdictions. Lending rates may vary.

For more information, visit the relevant Help Centre articles for the Crypto.com App and Exchange Web.

Not a Crypto.com user? Download the Crypto.com App or sign up on the Crypto.com Exchange now to start lending.