Introduction
Lending The Graph can be a great option for those who want to hold GRT 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. Acquire The Graph (GRT) Tokens
To be able to lend The Graph, you need to have it. To get The Graph, you’ll have to buy it. You can pick from these popular exchanges.
2. Choose a The Graph Lender
Once you have GRT, you’ll need to choose a The Graph lending platform to lend your tokens. You can see some options here.
See all 5 borrowing ratesPlatform Coin Interest rate Nexo The Graph (GRT) Up to 5 APY YouHodler The Graph (GRT) Up to 16 APY Kucoin The Graph (GRT) Up to 0.5 APY 3. Lend Your The Graph
Once you’ve chosen a platform to lend your The Graph, transfer your The Graph 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. 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
The Graph (GRT) is currently priced at USD 5 with a 24-hour trading volume of USD 84.28M. The market cap of The Graph stands at USD 1.96B, with USD 9.55B GRT in circulation. For those looking to buy or trade The Graph, Nexo offers avenues to do so securely and efficiently
- Market cap
- USD 1.96B
- 24h volume
- USD 84.28M
- Circulating supply
- USD 9.55B