Introduction
Lending Loopring can be a great option for those who want to hold LRC 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 Loopring (LRC) tokens
In order to lend Loopring, you need to have it. To obtain Loopring, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Loopring lender
Once you have LRC, you’ll need to choose a Loopring lending platform to lend your tokens. You can see some options here.
- 3
Lend your Loopring
Once you’ve chosen a platform to lending your Loopring, transfer your Loopring 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
Loopring (LRC) is currently priced at $0.2461, with a 24-hour trading volume of $9.30M. In the last 24 hours, Loopring has experienced a decrease to -3.53. The market cap of Loopring stands at $349.39M, with 1.37B in circulation. For those looking to buy or trade Loopring, reputable platforms like Binance, Coinbase, BTSE and Kraken offer avenues to do so securely and efficiently.
- Market cap
- $349.39M
- Volume
- $9.30M
- Circulating supply
- $1.37B
