Introduction
Lending Flamingo Finance can be a great option for those who want to hold FLM 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 Flamingo Finance (FLM) tokens
In order to lend Flamingo Finance, you need to have it. To obtain Flamingo Finance, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Flamingo Finance lender
Once you have FLM, you’ll need to choose a Flamingo Finance lending platform to lend your tokens. You can see some options here.
- 3
Lend your Flamingo Finance
Once you’ve chosen a platform to lending your Flamingo Finance, transfer your Flamingo Finance 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
Flamingo Finance (FLM) is currently priced at $0.0925, with a 24-hour trading volume of $4.36M. In the last 24 hours, Flamingo Finance has seen an increase to 1.76. The market cap of Flamingo Finance stands at $51.92M, with 583.89M in circulation. For those looking to buy or trade Flamingo Finance, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $51.92M
- Volume
- $4.36M
- Circulating supply
- $583.89M
