Where and How to Earn Compound (COMP)

简介

Lending Compound for those who want to hold COMP, but also earn yield, can be a good choice. The steps might be a bit intimidating, especially the first time you try them. Therefore, we've prepared this guide for you.

Step-by-step Guide

1. 1. Obtain Compound (COMP) Tokens

   To lend Compound, you need to already own it. To get Compound, you’ll need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	Compound (COMP)	40.44
   Uphold	Compound (COMP)	40.21
   YouHodler	Compound (COMP)	40.31
   Kraken	Compound (COMP)	40.33
   OKX	Compound (COMP)	40.22
   M2	Compound (COMP)	40.33

   See all 75 prices

2. 2. Choose a Compound Lender

   Once you have COMP, you'll need to choose a Compound lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Compound (COMP)	Up to 12% APY
   Blockchain.com	Compound (COMP)	Up to 1% APY
   Kucoin	Compound (COMP)	Up to 0.5% APY

   See all 10 lending rates

3. 3. Earn Compound

   After selecting a platform for earning your Compound, transfer your Compound to your wallet on the earning platform. Once deposited, it begins to earn interest. Some platforms provide interest payouts daily, while others do so weekly or monthly.

4. 4. Earn收益

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximize your returns.

Things to Note

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.