Earn up to
12% p.a.
A comprehensive guide on how to lend Compound (COMP)
We have a wealth of data on lending Compound (COMP) and we're happy to share some of this with you.
We present some lending options with other coins that may be of interest.
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
Lending Compound can be a great option for those who want to hold COMP 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 Compound, you need to possess it. To acquire Compound, you'll need to buy it. You can select from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Compound (COMP) | 26.34 |
| PrimeXBT | Compound (COMP) | 26.19 |
| YouHodler | Compound (COMP) | 26.25 |
| Binance | Compound (COMP) | 26.25 |
| BTSE | Compound (COMP) | 26.19 |
| Coinbase | Compound (COMP) | 26.2 |
Once you have COMP, you'll need to choose a Compound lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Compound (COMP) | Up to 12% p.a. |
| Blockchain.com | Compound (COMP) | Up to 1% p.a. |
| CEX.io | Compound (COMP) | Up to 1.5% p.a. |
Once you've chosen a platform to lend your Compound, transfer your Compound into your wallet on the lending 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 lending 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
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