Introduction
Lending Nervos Network can be a great option for those who want to hold CKB 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 Nervos Network (CKB) tokens
In order to lend Nervos Network, you need to have it. To obtain Nervos Network, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Nervos Network lender
Once you have CKB, you’ll need to choose a Nervos Network lending platform to lend your tokens. You can see some options here.
- 3
Lend your Nervos Network
Once you’ve chosen a platform to lending your Nervos Network, transfer your Nervos Network 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
Nervos Network (CKB) is currently priced at $0.017, with a 24-hour trading volume of $79.57M. In the last 24 hours, Nervos Network has experienced a decrease to -1.83. The market cap of Nervos Network stands at $789.21M, with 44.03B in circulation. For those looking to buy or trade Nervos Network, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $789.21M
- Volume
- $79.57M
- Circulating supply
- $44.03B
