Introduction
Lending The Sandbox can be a great option for those who want to hold SAND 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 The Sandbox (SAND) tokens
In order to lend The Sandbox, you need to have it. To obtain The Sandbox, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a The Sandbox lender
Once you have SAND, you’ll need to choose a The Sandbox lending platform to lend your tokens. You can see some options here.
- 3
Lend your The Sandbox
Once you’ve chosen a platform to lending your The Sandbox, transfer your The Sandbox 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
The Sandbox (SAND) is currently priced at $0.446, with a 24-hour trading volume of $106.60M. In the last 24 hours, The Sandbox has experienced a decrease to -0.84. The market cap of The Sandbox stands at $953.92M, with 2.26B in circulation. For those looking to buy or trade The Sandbox, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $953.92M
- Volume
- $106.60M
- Circulating supply
- $2.26B
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