Introduction
Lending WOO can be a great option for those who want to hold WOO 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 WOO (WOO) tokens
To lend WOO, you need to possess it. To acquire WOO, you'll need to buy it. You can select from these popular exchanges.
2. Choose a WOO lender
Once you have WOO, you'll need to choose a WOO lending platform to lend your tokens. You can find some options here.
3. Earn WOO
Once you've chosen a platform to earn your WOO, transfer your WOO 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
WOO (WOO) is currently priced at USD 1.8 with a 24-hour trading volume of USD 17.05M. The market cap of WOO stands at USD 374.12M, with 1.86B WOO in circulation. For those looking to buy or trade WOO, Bitget offers avenues to do so securely and efficiently
- Market capitalisation
- USD 374.12M
- 24-hour volume
- USD 17.05M
- Circulating supply
- 1.86B WOO