Where and How to Lend GMT (GMT)

Introduction

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

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

   Platform	Coin	Price
   Nexo	GMT (GMT)	0.04
   YouHodler	GMT (GMT)	0.04
   Kraken	GMT (GMT)	0.04
   OKX	GMT (GMT)	0.04
   Binance	GMT (GMT)	0.04
   BTSE	GMT (GMT)	0.04

   See all 48 prices

2. 2. Choose a GMT Lender

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

   Platform	Coin	Interest rate
   YouHodler	GMT (GMT)	Up to 12 APY
   Kucoin	GMT (GMT)	Up to 0.5 APY

   See all 4 borrowing rates

3. 3. Lend Your GMT

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