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Where and How to Lend Compound (COMP)

Earn up to
12% APY

What you'll learn

  1. 1

    How to Lend Compound (COMP)

    An in-depth guide on how to lend Compound (COMP)

  2. 2

    Statistics about Compound Lending

    We've got heaps of data on lending Compound (COMP) and we share some of this with you.

  3. 3

    Other coins you can lend

    We'll show you some lending options with other coins that could be of interest.

Introduction

Lending Compound can be a great option for those who want to hold COMP 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 Guide

  1. 1. Acquire Compound (COMP) Tokens

    To be able to lend Compound, you need to have it. To get Compound, you’ll have to buy it. You can pick from these popular exchanges.

  2. 2. Choose a Compound Lender

    Once you have COMP, you’ll need to choose a Compound lending platform to lend your tokens. You can see some options here.

  3. 3. Lend Your Compound

    Once you’ve chosen a platform to lend your Compound, transfer your Compound 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. 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

Compound (COMP) is currently priced at USD 1.5 with a 24-hour trading volume of USD 41.77M. The market cap of Compound stands at USD 639.52M, with 8.87M COMP in circulation. For those looking to buy or trade Compound, YouHodler offers avenues to do so securely and efficiently

Market cap
USD 639.52M
24h volume
USD 41.77M
Circulating supply
8.87M COMP
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