Where and How to Lend Fantom (FTM)

Introduction

Lending Fantom can be a great option for those who want to hold FTM 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 Fantom (FTM) Tokens

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

   Platform	Coin	Price
   Nexo	Fantom (FTM)	0.7
   PrimeXBT	Fantom (FTM)	0.68
   Uphold	Fantom (FTM)	0.7
   Kraken	Fantom (FTM)	0.7
   OKX	Fantom (FTM)	0.7
   YouHodler	Fantom (FTM)	0.7

   See all 35 prices

2. 2. Choose a Fantom Lender

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

   Platform	Coin	Interest rate
   Nexo	Fantom (FTM)	Up to 7 APY
   YouHodler	Fantom (FTM)	Up to 30 APY
   Nebeus	Fantom (FTM)	Up to 13 APY
   Kucoin	Fantom (FTM)	Up to 1.8 APY

   See all 5 borrowing rates

3. 3. Lend Your Fantom

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