Introduction
Lending Near Protocol can be a great option for those who want to hold NEAR 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 Near Protocol (NEAR) tokens
In order to lend Near Protocol, you need to have it. To obtain Near Protocol, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Near Protocol lender
Once you have NEAR, you’ll need to choose a Near Protocol lending platform to lend your tokens. You can see some options here.
- 3
Lend your Near Protocol
Once you’ve chosen a platform to lending your Near Protocol, transfer your Near Protocol 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
Near Protocol (NEAR) is currently priced at $6.77, with a 24-hour trading volume of $438.76M. In the last 24 hours, Near Protocol has experienced a decrease to -4.06. The market cap of Near Protocol stands at $7.52B, with 1.07B in circulation. For those looking to buy or trade Near Protocol, reputable platforms like OKX, Binance, Coinbase, BTSE, Kraken and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $7.52B
- Volume
- $438.76M
- Circulating supply
- $1.07B
.webp&w=828&q=75)
