Introduction
Lending WOO can be a great option for those who want to hold WOO 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 WOO (WOO) Tokens
To be able to lend WOO, you need to have it. To get WOO, you’ll have to buy it. You can pick from these popular exchanges.
2. Choose a WOO Lender
Once you have WOO, you’ll need to choose a WOO lending platform to lend your tokens. You can see some options here.
3. Lend Your WOO
Once you’ve chosen a platform to lend your WOO, transfer your WOO 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
WOO (WOO) is currently priced at USD 1.8 with a 24-hour trading volume of USD 17.05M. The market cap of WOO stands at USD 374.12M, with USD 1.86B WOO in circulation. For those looking to buy or trade WOO, Bitget offers avenues to do so securely and efficiently
- Market cap
- USD 374.12M
- 24h volume
- USD 17.05M
- Circulating supply
- USD 1.86B