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Lending ULTRA can be a great option for those who want to hold ultra 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.
To lend ULTRA, you need to possess it. To acquire ULTRA, you'll need to buy it. You can select from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Uphold | ULTRA (ultra) | 0.05 |
| BingX | ULTRA (ultra) | 0.01 |
| Bitfinex | ULTRA (ultra) | 0.01 |
| CoinEx | ULTRA (ultra) | 0.01 |
| Gate.io | ULTRA (ultra) | 0.01 |
| HTX | ULTRA (ultra) | 0.01 |
Once you have ultra, you'll need to choose a ULTRA lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Kucoin | ULTRA (ultra) | Up to 0.04% p.a. |
Once you've chosen a platform to earn your ULTRA, transfer your ULTRA 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.
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.
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.
