Introduction
Lending Shadow Token can be a great option for those who want to hold SHDW 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 Shadow Token (SHDW) tokens
In order to lend Shadow Token, you need to have it. To obtain Shadow Token, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Shadow Token lender
Once you have SHDW, you’ll need to choose a Shadow Token lending platform to lend your tokens. You can see some options here.
- 3
Lend your Shadow Token
Once you’ve chosen a platform to lending your Shadow Token, transfer your Shadow Token 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
Shadow Token (SHDW) is currently priced at $0.643, with a 24-hour trading volume of $2.54. In the last 24 hours, Shadow Token has experienced a decrease to -4.88. The market cap of Shadow Token stands at $25.82K, with 7M in circulation. For those looking to buy or trade Shadow Token, reputable platforms like BTSE, Coinbase, Crypto.com and SwissBorg offer avenues to do so securely and efficiently.
- Market cap
- $25.82K
- Volume
- $2.54
- Circulating supply
- $7M
