Introduction
Lending Mdex can be a great option for those who want to hold MDX 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 Mdex (MDX) tokens
In order to lend Mdex, you need to have it. To obtain Mdex, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Mdex lender
Once you have MDX, you’ll need to choose a Mdex lending platform to lend your tokens. You can see some options here.
- 3
Lend your Mdex
Once you’ve chosen a platform to lending your Mdex, transfer your Mdex 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
Mdex (MDX) is currently priced at $0.0597, with a 24-hour trading volume of $3.01M. In the last 24 hours, Mdex has experienced a decrease to -2.02. The market cap of Mdex stands at $40.89M, with 950.25M in circulation. For those looking to buy or trade Mdex, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $40.89M
- Volume
- $3.01M
- Circulating supply
- $950.25M
