Introduction
Lending Troy can be a great option for those who want to hold TROY 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 Troy (TROY) tokens
In order to lend Troy, you need to have it. To obtain Troy, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Troy lender
Once you have TROY, you’ll need to choose a Troy lending platform to lend your tokens. You can see some options here.
- 3
Lend your Troy
Once you’ve chosen a platform to lending your Troy, transfer your Troy 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
Troy (TROY) is currently priced at $0.0025, with a 24-hour trading volume of $2.97M. In the last 24 hours, Troy has experienced a decrease to -1.68. The market cap of Troy stands at $19.32M, with 8.63B in circulation. For those looking to buy or trade Troy, reputable platforms like Binance offer avenues to do so securely and efficiently.
- Market cap
- $19.32M
- Volume
- $2.97M
- Circulating supply
- $8.63B