Celo (CELO) is currently priced at $0.7564, with a 24-hour trading volume of $23.43M. In the last 24 hours, Celo has experienced a decrease to -1.96. The market cap of Celo stands at $411.78M, with 536.68M in circulation. For those looking to buy or trade Celo, reputable platforms like Binance offer avenues to do so securely and efficiently.
Lending Celo can be a great option for those who want to hold CELO 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 Celo, you need to have it. To obtain Celo, you’ll need to purchase it. You can choose from these popular exchanges.
Once you have CELO, you’ll need to choose a Celo lending platform to lend your tokens. You can see some options here.
Once you’ve chosen a platform to lending your Celo, transfer your Celo 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.
