Introduction
Lending API3 can be a great option for those who want to hold API3 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 API3 (API3) tokens
In order to lend API3, you need to have it. To obtain API3, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a API3 lender
Once you have API3, you’ll need to choose a API3 lending platform to lend your tokens. You can see some options here.
- 3
Lend your API3
Once you’ve chosen a platform to lending your API3, transfer your API3 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
API3 (API3) is currently priced at $2.5, with a 24-hour trading volume of $7.37M. In the last 24 hours, API3 has seen an increase to 2.29. The market cap of API3 stands at $211.10M, with 86.42M in circulation. For those looking to buy or trade API3, reputable platforms like Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $211.10M
- Volume
- $7.37M
- Circulating supply
- $86.42M
