Introduction
Lending BOB can be a great option for those who want to hold bob 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 BOB (bob) tokens
To lend BOB, you need to possess it. To acquire BOB, you'll need to buy it. You can select from these popular exchanges.
2. Choose a BOB lender
Once you have bob, you'll need to choose a BOB lending platform to lend your tokens. You can find some options here.
3. Earn BOB
Once you've chosen a platform to earn your BOB, transfer your BOB 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
- Market capitalisation
- USDĀ 341,436
- 24-hour volume
- USDĀ 2.13
- Circulating supply
- 341,507.19 bob