Introduction
Lending ULTRA can be a great option for those who want to hold ultra 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 ULTRA (ultra) Tokens
To lend ULTRA, you need to have it. To get ULTRA, you'll have to buy it. You can choose from these popular exchanges.
See all 17 pricesPlatform Loonies Price Uphold ULTRA (ultra) 0.05 MEXC Global ULTRA (ultra) 0.05 Kucoin ULTRA (ultra) 0.05 Gate.io ULTRA (ultra) 0.05 BingX ULTRA (ultra) 0.05 CoinEx ULTRA (ultra) 0.05 2. Choose a ULTRA Lender
Once you have ultra, you'll need to choose a ULTRA lending platform to lend your tokens. You can check out some options here.
Platform Loonies Interest rate Kucoin ULTRA (ultra) Up to 0.06% annual percentage yield 3. Earn ULTRA
Once you've chosen a platform to earn your ULTRA, transfer your ULTRA 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.
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