Introduction
Lending Theta Network can be a great option for those who want to hold THETA 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 Theta Network (THETA) tokens
In order to lend Theta Network, you need to have it. To obtain Theta Network, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Theta Network lender
Once you have THETA, you’ll need to choose a Theta Network lending platform to lend your tokens. You can see some options here.
- 3
Lend your Theta Network
Once you’ve chosen a platform to lending your Theta Network, transfer your Theta 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
Theta Network (THETA) is currently priced at $1.99, with a 24-hour trading volume of $74.50M. In the last 24 hours, Theta Network has experienced a decrease to -1.29. The market cap of Theta Network stands at $2.02B, with 1B in circulation. For those looking to buy or trade Theta Network, reputable platforms like OKX, Binance and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $2.02B
- Volume
- $74.50M
- Circulating supply
- $1B
