Earn up to
16% p.a.
A comprehensive guide on how to lend MultiversX (EGLD)
We have a wealth of data on lending MultiversX (EGLD) and we're happy to share some of this with you.
We present some lending options with other coins that may be of interest.
MultiversX (EGLD) is currently priced at USD 0.3 with a 24-hour trading volume of USD 39.77M. The market cap of MultiversX stands at USD 917.2M, with 27.81M EGLD in circulation. For those looking to buy or trade MultiversX, YouHodler offers avenues to do so securely and efficiently
Lending MultiversX can be a great option for those who want to hold EGLD 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 MultiversX, you need to possess it. To acquire MultiversX, you'll need to buy it. You can select from these popular exchanges.
Once you have EGLD, you'll need to choose a MultiversX lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | MultiversX (EGLD) | Up to 16% p.a. |
| Bitget | MultiversX (EGLD) | Up to 0.3% p.a. |
| Kucoin | MultiversX (EGLD) | Up to 6% p.a. |
Once you've chosen a platform to lend your MultiversX, transfer your MultiversX 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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