Introduction
Lending Firo can be a great option for those who want to hold FIRO 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 Firo (FIRO) tokens
In order to lend Firo, you need to have it. To obtain Firo, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Firo lender
Once you have FIRO, you’ll need to choose a Firo lending platform to lend your tokens. You can see some options here.
- 3
Lend your Firo
Once you’ve chosen a platform to lending your Firo, transfer your Firo 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
Firo (FIRO) is currently priced at $1.59, with a 24-hour trading volume of $968.05K. In the last 24 hours, Firo has experienced a decrease to -0.5. The market cap of Firo stands at $21.63M, with 13.62M in circulation. For those looking to buy or trade Firo, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $21.63M
- Volume
- $968.05K
- Circulating supply
- $13.62M
