How to Lend The Sandbox (Wormhole) (SAND) in Australia

Introduction

Lending The Sandbox (Wormhole) can be a great option for those who want to hold SAND 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 Sandbox (Wormhole) (SAND) Tokens

   To lend The Sandbox (Wormhole), you need to possess it. To acquire The Sandbox (Wormhole), you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Kraken	The Sandbox (Wormhole) (SAND)	0.3
   Azbit	The Sandbox (Wormhole) (SAND)	0.3
   Bybit	The Sandbox (Wormhole) (SAND)	0.3
   Kucoin	The Sandbox (Wormhole) (SAND)	0.3

   See all 8 prices

2. 2. Choose a The Sandbox (Wormhole) lender

   Once you have SAND, you'll need to choose a The Sandbox (Wormhole) lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	The Sandbox (Wormhole) (SAND)	Up to 0.41% p.a.

3. 3. Lend Your The Sandbox (Wormhole)

   Once you've chosen a platform to lend your The Sandbox (Wormhole), transfer your The Sandbox (Wormhole) 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.