Introduction
Lending PolySwarm can be a great option for those who want to hold NCT 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 PolySwarm (NCT) tokens
In order to lend PolySwarm, you need to have it. To obtain PolySwarm, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a PolySwarm lender
Once you have NCT, you’ll need to choose a PolySwarm lending platform to lend your tokens. You can see some options here.
- 3
Lend your PolySwarm
Once you’ve chosen a platform to lending your PolySwarm, transfer your PolySwarm 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
PolySwarm (NCT) is currently priced at $0.023, with a 24-hour trading volume of $1.66M. In the last 24 hours, PolySwarm has seen an increase to 1.77. The market cap of PolySwarm stands at $34.88M, with 1.55B in circulation. For those looking to buy or trade PolySwarm, reputable platforms like Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $34.88M
- Volume
- $1.66M
- Circulating supply
- $1.55B
