Introduction
Lending The Root Network can be a great option for those who want to hold ROOT 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 Root Network (ROOT) Tokens
To lend The Root Network, you need to have it. To get The Root Network, you'll have to buy it. You can choose from these popular exchanges.
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 check out some options here.
Platform Loonies Interest rate Kucoin The Root Network (ROOT) Up to 100% annual percentage yield 3. Earn The Root Network
Once you've chosen a platform to earn your The Root Network, transfer your The Root Network into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 earning platform pays compounding interest to maximize 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 Root Network (ROOT) is currently priced at US$100 with a 24-hour trading volume of US$6.65M. The market cap of The Root Network is currently at US$37.18M, with 1.45B ROOT in circulation. For those interested in buying or trading The Root Network, Kucoin offers ways to do so securely and efficiently
- Market capitalization
- US$37.18M
- 24h volume
- US$6.65M
- Circulating supply
- 1.45B ROOT