How to Lend The Root Network (ROOT) in Australia

Introduction

Lending The Root Network can be a great option for those who want to hold ROOT 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.

Step-by-Step Guide

1. 1. Obtain The Root Network (ROOT) Tokens

   To lend The Root Network, you need to possess it. To acquire The Root Network, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Uphold	The Root Network (ROOT)	0.01
   Bitget	The Root Network (ROOT)	0
   Bitmart	The Root Network (ROOT)	0.000217
   CoinEx	The Root Network (ROOT)	0.0002274
   Gate.io	The Root Network (ROOT)	0.0002379
   Hotcoin	The Root Network (ROOT)	0.03

   See all 15 prices

2. 2. Choose a The Root Network lender

   Once you have ROOT, you'll need to choose a The Root Network lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	The Root Network (ROOT)	Up to 100% p.a.

3. 3. Lend Your The Root Network

   Once you've chosen a platform to lend your The Root Network, transfer your The Root Network 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.

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. Ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

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.