Introduction
Lending FTX Token can be a great option for those who want to hold FTT 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 FTX Token (FTT) tokens
In order to lend FTX Token, you need to have it. To obtain FTX Token, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a FTX Token lender
Once you have FTT, you’ll need to choose a FTX Token lending platform to lend your tokens. You can see some options here.
- 3
Lend your FTX Token
Once you’ve chosen a platform to lending your FTX Token, transfer your FTX 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.
- 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
FTX Token (FTT) is currently priced at $1.45, with a 24-hour trading volume of $14.07M. In the last 24 hours, FTX Token has experienced a decrease to -6.42. The market cap of FTX Token stands at $474.44M, with 328.90M in circulation. For those looking to buy or trade FTX Token, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $474.44M
- Volume
- $14.07M
- Circulating supply
- $328.90M
