Kamino USDC (USDC) and Solana (SOL) 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 assets 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.
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