Introduction
Lending Amp can be a great option for those who want to hold AMP while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain Amp (AMP) tokens
To lend Amp, you need to possess it. To acquire Amp, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Amp lender
Once you have AMP, you'll need to choose a Amp lending platform to lend your tokens. You can find some options here.
3. Earn Amp
Once you've chosen a platform to earn your Amp, transfer your Amp into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
missing en-au translation: common.latest-movements-copy
- Market capitalisation
- USDĀ 569.27M
- 24-hour volume
- USDĀ 11.24M
- Circulating supply
- 84.23B AMP
