Introduction
Lending Perpetual Protocol can be a great option for those who want to hold PERP 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 Perpetual Protocol (PERP) tokens
In order to lend Perpetual Protocol, you need to have it. To obtain Perpetual Protocol, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Perpetual Protocol lender
Once you have PERP, you’ll need to choose a Perpetual Protocol lending platform to lend your tokens. You can see some options here.
- 3
Lend your Perpetual Protocol
Once you’ve chosen a platform to lending your Perpetual Protocol, transfer your Perpetual 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
Perpetual Protocol (PERP) is currently priced at $1.08, with a 24-hour trading volume of $6.04M. In the last 24 hours, Perpetual Protocol has experienced a decrease to -0.09. The market cap of Perpetual Protocol stands at $71.40M, with 66.00M in circulation. For those looking to buy or trade Perpetual Protocol, reputable platforms like Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $71.40M
- Volume
- $6.04M
- Circulating supply
- $66.00M
