Introduction
Lending Unifi Protocol DAO can be a great option for those who want to hold UNFI 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 Unifi Protocol DAO (UNFI) tokens
In order to lend Unifi Protocol DAO, you need to have it. To obtain Unifi Protocol DAO, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Unifi Protocol DAO lender
Once you have UNFI, you’ll need to choose a Unifi Protocol DAO lending platform to lend your tokens. You can see some options here.
- 3
Lend your Unifi Protocol DAO
Once you’ve chosen a platform to lending your Unifi Protocol DAO, transfer your Unifi Protocol DAO 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
Unifi Protocol DAO (UNFI) is currently priced at $3.55, with a 24-hour trading volume of $7.14M. In the last 24 hours, Unifi Protocol DAO has experienced a decrease to -1.82. The market cap of Unifi Protocol DAO stands at $31.28M, with 8.63M in circulation. For those looking to buy or trade Unifi Protocol DAO, reputable platforms like Binance and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $31.28M
- Volume
- $7.14M
- Circulating supply
- $8.63M
