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You can earn yield on your Radicle (RAD) through lending, staking and yield farming.
Lending your RAD
The easiest way to earn yield on your RAD in Australia is through an exchange or lending service such as Gate.io Cryptocurrency Exchange.
You can earn up to 4.27% on RAD with Gate.io Cryptocurrency Exchange or compare a range of other rates and providers by using our comparison table and rewards calculator.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Compare rates for lending RAD
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Gate.io Cryptocurrency Exchange
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4.27%
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1.87%
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7-days
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Variable | Earn now |
How to use the table and calculator
- Compare rates. The table and calculator display the annual rate (APY). Rates vary depending on a number of factors like the provider, term length and whether or not the rates are variable or fixed. Keep in mind that cryptocurrency yields fluctuate each day. For a more accurate overview, we've provided an average rate based on data from the past month.
- Choose a variable or fixed rate. To protect against fluctuations, some providers offer a fixed rate. These rates stay consistent over time and do not fluctuate with the market.
Compare lock-up periods. Some accounts require you to keep your funds locked up for a set period, while others will let you withdraw at any time.
- Calculate your returns. Use the calculator to project how much you could earn with each provider.
- Start earning. Once you've made your choice, click on the green "Earn now" button to go to the provider's website and create an account or log in.
How to earn Radicle: Step-by-step guide to lending
The instructions below are for earning yield on Radicle using a cryptocurrency exchange for lending:
- Use the table to compare rates from various providers.
- Choose a provider to deposit your cryptocurrency with, then safely navigate to their website using the "Earn now" button in the table.
- Sign-up for an account using an email address and make sure to have some form of photo ID ready to complete the verification process.
- Look for the "wallet" or "deposit" tab on the provider's website, then transfer your funds from your existing exchange or wallet to the deposit address shown and make sure to double-check the address is correct before sending. If you do not own any RAD yet, then you can purchase it on the same exchange you plan to earn it on or view our list of local exchanges that sell it.
- Once deposited, move your funds into the yield-earning account. If you are using a specialised digital asset lending platform like Celsius, Nexo or BlockFi you can usually skip this step, as your assets will typically start earning yield right away. Remember to check back regularly to monitor your portfolio, collect rewards and ensure everything is working as intended.
- Most services will let you access your rewards without needing to withdraw your initial deposit. Keep in mind that some services require your deposit to remain locked for a certain period of time, while others are flexible and allow you to withdraw anytime (although be on the lookout for early withdrawal fees).
- Remember that while earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.
Risks of lending Radicle
Risks involved with lending Radicle include:
- Lack of regulation. Just because you're earning yield on your RAD like you would with a bank account, that doesn't mean you have the same protections. Cryptocurrency exchanges and lenders are largely unregulated and consumer protection laws in your country are unlikely to apply. As such, if something happens to your deposits you are unlikely to have many options for legal recourse. Fortunately, some lenders such as Nexo offer insurance on deposits to help bridge this gap.
- Lack of insurance. While earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.
- DeFi and smart contract risk. This guide only compares CeFi platforms, but if you choose to use a DeFi platform for lending RAD, then you are taking on the additional risk associated with that platform. DeFi lending uses software called smart contracts which automates the process and pairs lenders with borrowers. These smart contracts can be exploited and user funds stolen. Look for a protocol with a long history of security, such as Compound or Aave.
- Scams. Be wary of platforms that offer rates several times higher than the competition. While legitimate services may do this as a promotion or way to attract users, some may be scams waiting to steal user funds.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
