Introduction

Lending Loom Network (NEW) can be an excellent choice for those looking to hold LOOM while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Loom Network (NEW) (LOOM) Tokens

   To lend Loom Network (NEW), you first need to possess it. To acquire Loom Network (NEW), you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   Binance	Loom Network (NEW) (LOOM)	0,05 APY
   Uphold	Loom Network (NEW) (LOOM)	0 APY
   BingX	Loom Network (NEW) (LOOM)	0 APY
   Bitget	Loom Network (NEW) (LOOM)	0,02 APY
   Bitmart	Loom Network (NEW) (LOOM)	0 APY
   Bitpanda	Loom Network (NEW) (LOOM)	0,08 APY

   Consulta todos los 17 precios

2. 2. Select a Loom Network (NEW) Lender

   Once you have LOOM, you'll need to select a Loom Network (NEW) lending platform to lend your tokens. You can explore some options here.

3. 3. Lend Your Loom Network (NEW)

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

4. 4. Generate Earnings

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky