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An in-depth guide on the best way to lend AMP.
We have a lot of data on lending AMP Token and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Lending AMP Token can be a great option for those who want to hold AMP 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.
In order to lend AMP Token, you need to have it. To obtain AMP Token, you’ll need to purchase it. You can choose from these popular exchanges.
Once you have AMP, you’ll need to choose a AMP Token lending platform to lend your tokens. You can see some options here.
Once you’ve chosen a platform to lending your AMP Token, transfer your AMP 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.
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.
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.