Introduction
Lending TOMI can be a great option for those who want to hold TOMI 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. Obtain TOMI (TOMI) Tokens
To lend TOMI, you need to possess it. To acquire TOMI, you'll need to buy it. You can select from these popular exchanges.
2. Choose a TOMI lender
Once you have TOMI, you'll need to choose a TOMI lending platform to lend your tokens. You can find some options here.
3. Lend Your TOMI
Once you've chosen a platform to lend your TOMI, transfer your TOMI 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. 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.