How To Buy LOAN Token (Step-By-Step 2024)

Liquid Loans is LIVE!

And the LOAN token has hit the open market.

Thousands of users have already bought and staked it, earning a share of the fees.

If you’re ready to earn fees in PLS and USDL, then keep reading this guide to learn how to buy LOAN token.

Stay all the way until the end to learn how to EARN the LOAN token without having to buy it!!!

Disclaimer: Buying any cryptocurrency carries risk. This is in no way financial advice, and you should always consult a financial advisor. The purpose of this guide is to simply show users how to perform an action they already decided to take.

Step 1: Bridge to PulseChain

Although there are several different paths to buy LOAN token, this one is the simplest and most cost efficient for now.

To buy LOAN, you must first bridge your economic energy from Ethereum to PulseChain.

The stablecoin with the most liquidity on PulseChain is DAI from Ethereum, but other stablecoins will have sufficient liquidity

Simply buy DAI or another stablecoin on Ethereum and bridge it to PulseChain.

Once you have your DAI, use this guide to Bridge to PulseChain.

Step 2: Swap To Loan

Now that you have done the hard part, you can swap your DAI for LOAN token.

There are several different decentralized exchanges on PulseChain, as well as DEX aggregators which help you get the best deal on your trades.

To keep it simple, we will use the go-to DEX Aggregator on PulseChain named Piteas.

Go to: https://app.piteas.io/ and connect your wallet.

Click the token dropdown in the top box and select DAI from the pre-selected tokens.

Next, choose LOAN token in bottom box, type "LOAN" in the search bar and choose the first result.

Finally, choose the amount of DAI, click "Swap" and confirm the transaction in your wallet.

Once the transaction is validated, you have successfully bought LOAN token!

What To Do With Your LOAN Tokens

1. The most obvious first step is to stake your tokens in the LOAN Staking Pool. The stakers are currently earning 18.6% APR with yield coming in the form of USDL and PLS from the fees of the protocol.
2. The second step is to educate yourself on the power of the LOAN token. The Liquid Loans Research Vault has dozens of great articles on the magic of the Liquid Loans protocol and decentralized finance. Here are some highlights:

The Best Time to Buy LOAN Token

What Happens to LOAN When PLS Pumps

What To Do With Your LOAN Token

Bonus Ways to Earn LOAN Token

There are two ways to earn LOAN without having to buy more of it!

1. Stability Pool. Users who hold USDL can become Stability Providers within the protocol and earn rewards in the form of LOAN token. To learn more about this opportunity, read this article: The Stability Pool Explained
2. Yield Farming. By providing liquidity on LOAN Token pairs such as LOAN:PLS on PulseX v2, you can earn fees in both LOAN and PLS. This way, you can passively grow your holdings of LOAN.