Introduction
Lending Acala Token can be a great option for those who want to hold ACA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Acala Token (ACA) tokens
In order to lend Acala Token, you need to have it. To obtain Acala Token, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Acala Token lender
Once you have ACA, you’ll need to choose a Acala Token lending platform to lend your tokens. You can see some options here.
- 3
Lend your Acala Token
Once you’ve chosen a platform to lending your Acala Token, transfer your Acala Token into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
- 4
Earn interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest movements
Acala Token (ACA) is currently priced at $0.1172, with a 24-hour trading volume of $8.46M. In the last 24 hours, Acala Token has seen an increase to 2.63. The market cap of Acala Token stands at $101.63M, with 962.50M in circulation. For those looking to buy or trade Acala Token, reputable platforms like Binance, Kraken and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $101.63M
- Volume
- $8.46M
- Circulating supply
- $962.50M
