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

LOAN is a powerful rewards token, giving virtually anyone the ability to earn yield with. 

Since its launch last year, thousands of users have bought and staked LOAN as a way to build passive streams of income.

In this article, we’re providing a constantly-updated list of the easiest ways to buy LOAN in 2024.

Plus, stick around until the end to find out how to earn LOAN for free using the PLS you already own.

This article has been updated as of October 10, 2024.

Where Can I Buy LOAN Token? 

You can easily buy LOAN across the many decentralized exchanges that exist on PulseChain. 

Right now, LOAN is listed on:

• PulseX
• 9inch
• PortalX 
• Phux
• …And a growing list of DEXs!

You can also use Piteas, which is a DEX aggregator that can help you find the best deals on buying and selling LOAN across multiple decentralized exchanges.

The Easiest Way to Buy LOAN

Step 1: Bridge to PulseChain

If you already have PulseChain’s native asset, PLS, skip to step 2 — you’re basically done.

Otherwise, you’ll need to buy PLS or another PulseChain-based token first in order to swap your tokens for LOAN. 

Fortunately, this new guide makes it easier than ever to buy PLS in just a few minutes.

Step 2: Swap to LOAN

Once you have PLS or another asset on the PulseChain blockchain, you can easily swap your tokens for LOAN using the decentralized exchange or aggregator of your choice.

We currently consider Piteas to be the simplest and most efficient method of buying LOAN, thanks to the fact that the DApp aggregates the best prices across various exchanges.

However, since LOAN is a true decentralized asset, there are many different ways that you can buy tokens. Feel free to explore different exchanges depending on your individual needs.

To buy LOAN using Piteas, simply follow these steps:

• STEP 1 - Go to https://app.piteas.io/ and connect your wallet.

• STEP 2 - Click the token dropdown in the top box and select DAI from the list of pre-selected tokens.

• STEP 3 - Next, choose the LOAN token in the bottom box, type "LOAN" in the search bar and choose the first result.

• STEP 4 - Finally, choose the amount of DAI, click "Swap" and confirm the transaction in your wallet.

Once the transaction has been validated succesfully, you'll be able to see your new tokens in your wallet!

Bonus: How to Earn LOAN

There are two ways to earn LOAN without having to buy more tokens.

Here's how:

1. Use the Stability Pool: If you already hold PLS, you can use the tokens you already own to mint USDL and become a Stability Provider. Doing so allows you to earn passive rewards in the form of LOAN tokens. Best of all, you don't have to buy any additional tokens to take advantage. To learn more about how this works, check out our Guide to the Stability Pool.
2. Start Yield Farming: By providing liquidity on LOAN trading pairs such as LOAN:PLS on PulseX v2, you can earn fees in the form of both LOAN and PLS. This way, you can passively grow your LOAN holdings over time.

What Can I Do With My LOAN Tokens?

The most obvious first step that users take after buying LOAN is getting involved the LOAN Staking Pool. This can be a great way to earn passive yield in the form of both USDL and PLS.

Now that you have LOAN tokens, you can head to the Liquid Loans Dapp right now to start earning in just a few minutes.