Introduction to the world of cryptocurrency can be both exciting and daunting
Lending TerraUSD (Wormhole) can be an excellent choice for those looking to hold UST 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 TerraUSD (Wormhole) (UST) Tokens
To lend TerraUSD (Wormhole), you must first possess it. To acquire TerraUSD (Wormhole), you'll need to purchase it. You can select from these well-known exchanges.
Platform Coin Price Coinbase TerraUSD (Wormhole) (UST) 0,03 Gate.io TerraUSD (Wormhole) (UST) 0 2. Select a TerraUSD (Wormhole) Lender
Once you have UST, you'll need to select a TerraUSD (Wormhole) lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Gemini TerraUSD (Wormhole) (UST) Up to 0,01% APY 3. Earn TerraUSD (Wormhole) with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your TerraUSD (Wormhole), transfer your TerraUSD (Wormhole) 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
TerraUSD (Wormhole) (UST) is currently priced at US$0.01 with a 24-hour trading volume of US$3,272.85. For those looking to buy or trade TerraUSD (Wormhole), Gemini offers avenues to do so securely and efficiently
- 24h volume
- US$3,272.85
