How to Earn 1inch (1INCH): A Comprehensive Guide for the UK

Introduction

Lending 1inch can be an excellent option for those who wish to hold 1INCH while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain 1inch (1INCH) Tokens
To lend 1inch, you need to possess it. To obtain 1inch, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo 1inch (1INCH) 0.15
PrimeXBT 1inch (1INCH) 0.15
YouHodler 1inch (1INCH) 0.15
Binance 1inch (1INCH) 0.15
BTSE 1inch (1INCH) 0.15
Coinbase 1inch (1INCH) 0.15
View all 61 prices
2. Choose a 1inch Lender in the UK
Once you have 1INCH, you'll need to choose a 1inch lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Nebeus 1inch (1INCH) Up to 13% AER
YouHodler 1inch (1INCH) Up to 12% AER
Aave 1inch (1INCH) Up to 0.09% AER
View all 9 loan rates
3. Earn 1inch
Once you've selected a platform to earn your 1inch, transfer your 1inch into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	1inch (1INCH)	0.15
PrimeXBT	1inch (1INCH)	0.15
YouHodler	1inch (1INCH)	0.15
Binance	1inch (1INCH)	0.15
BTSE	1inch (1INCH)	0.15
Coinbase	1inch (1INCH)	0.15

Platform	Coin	AER
Nebeus	1inch (1INCH)	Up to 13% AER
YouHodler	1inch (1INCH)	Up to 12% AER
Aave	1inch (1INCH)	Up to 0.09% AER

What to Be Aware Of

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

Latest Movements in the UK

1inch (1INCH) is currently priced at US$0.09 with a 24-hour trading volume of US$73.19M. The market cap of 1inch stands at US$534.19M, with 1.4B 1INCH in circulation. For those looking to buy or trade 1inch, Nebeus offers avenues to do so securely and efficiently

Market capitalisation: US$534.19M
24-hour volume: US$73.19M
Circulating supply: 1.4B 1INCH

See the latest information

Frequently Asked Questions About Lending 1inch (1INCH) in the UK

What is 1inch (1inch) and what problem does it solve?: 1inch is a decentralized exchange (DEX) aggregator and liquidity protocol. It scans multiple DeFi DEXs to find the best swap rates for a given trade, often splitting orders across several liquidity pools to minimize slippage and maximize value for users. By aggregating liquidity from platforms like Uniswap, SushiSwap, Curve, and more, 1inch helps you execute trades at better prices than you might get on any single exchange. The protocol also features an automated market maker (AMM) and a native token (1inch) used for governance and protocol optimization, along with optional liquidity mining incentives on select pools.
How does the 1inch token (1inch) fit into the ecosystem and what are its use cases?: The 1inch token serves primarily as a governance token and a utility asset within the protocol. Holders can participate in on-chain governance proposals that influence protocol parameters, such as fee structure, reward distribution, and supported networks. Additionally, the token can be used to stake or provide liquidity in certain protocols, potentially earning rewards. The project also implements token-based incentives to encourage liquidity provision and participation in its liquidity mining programs. As with any governance token, actual on-chain voting power depends on how much 1inch you hold and the specific governance framework deployed at any given time.
What chains and assets does 1inch support, and how broad is its reach for swaps?: 1inch operates across multiple blockchain networks to facilitate cross-chain trading and maximize liquidity options. It typically supports major networks such as Ethereum, and has expanded to include other compatible chains via layer-2 solutions or cross-chain bridges. When you initiate a swap on 1inch, the protocol searches liquidity across its connected DEXs and aggregators within those networks, then routes your order through the most efficient path. This multi-chain approach helps users access a larger pool of tokens and often results in better pricing and lower slippage compared to trading on a single DEX.
How can I use 1inch to swap tokens, and what should I know about fees and slippage?: To use 1inch for token swaps, connect your wallet to the 1inch interface, select the tokens you want to swap, and review the quoted price and gas estimates. 1inch will optimize the path across multiple liquidity sources to minimize slippage and maximize value. Fees typically include network (gas) costs and a protocol fee baked into the quoting system, which may vary by network and trade size. Slippage protection is important for large or time-sensitive trades; consider setting a maximum acceptable slippage and reviewing the price impact before confirming. Always verify the final amount you’ll receive in your wallet before approving the transaction.
Is 1inch a good long-term investment, and what should investors consider before buying 1inch tokens?: As with any crypto asset, whether 1inch is a good long-term investment depends on multiple factors, including market conditions, protocol adoption, governance dynamics, and development activity. When evaluating 1inch, consider liquidity, user base growth, the breadth of supported networks, and the effectiveness of its governance model. Monitor key metrics like trading volume on supported chains, the frequency of new partnerships, and how the project adapts to competition from other DEX aggregators. Diversify your risk and only invest what you can tolerate losing, given the high volatility inherent in crypto markets.