How to Lend Sonic (prev. FTM) (S)

Introduction

Lending Sonic (prev. FTM) can be an excellent choice for those looking to hold S while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Sonic (prev. FTM) (S) Tokens

   To lend Sonic (prev. FTM), you first need to possess it. To acquire Sonic (prev. FTM), you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Sonic (prev. FTM) (S)	0,07 APY
   PrimeXBT	Sonic (prev. FTM) (S)	0,07 APY
   YouHodler	Sonic (prev. FTM) (S)	0,07 APY
   Binance	Sonic (prev. FTM) (S)	0,07 APY
   Coinbase	Sonic (prev. FTM) (S)	0,07 APY
   Kraken	Sonic (prev. FTM) (S)	0,07 APY

   View all 41 prices

2. 2. Select a Sonic (prev. FTM) provider

   Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   YouHodler	Sonic (prev. FTM) (S)	Up to 30 % APY
   Kucoin	Sonic (prev. FTM) (S)	Up to 4,5 % APY

3. 3. Lend Your Sonic (prev. FTM) in Germany

   Once you've selected a platform to lend your Sonic (prev. FTM), transfer your Sonic (prev. FTM) into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.