Introduction to the world of cryptocurrency can be both exciting and daunting
Lending MANTRA can be an excellent choice for those looking to hold OM while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire MANTRA (OM) Tokens
To lend MANTRA, you must first possess it. To acquire MANTRA, you'll need to purchase it. You can select from these well-known exchanges.
See all 44 pricesPlatform Coin Price PrimeXBT MANTRA (OM) 0,08 YouHodler MANTRA (OM) 0,08 Binance MANTRA (OM) 0,08 BTSE MANTRA (OM) 0,16 Kraken MANTRA (OM) 0,08 OKX MANTRA (OM) 6,89 2. Select a MANTRA Lender
Once you have OM, you'll need to select a MANTRA lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate YouHodler MANTRA (OM) Up to 30% APY Kucoin MANTRA (OM) Up to 0,5% APY 3. Earn MANTRA with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your MANTRA, transfer your MANTRA into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
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. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
MANTRA (OM) is currently priced at US$30 with a 24-hour trading volume of US$99.78M. The market cap of MANTRA stands at US$3.78B, with 959,78M OM in circulation. For those looking to buy or trade MANTRA, YouHodler offers avenues to do so securely and efficiently
- Market cap
- US$3.78B
- 24h volume
- US$99.78M
- Circulating supply
- 959,78M OM
