Introduction
Lending GMT can be an excellent option for those who wish to hold GMT 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 GMT (GMT) Tokens
To lend GMT, you need to possess it. To obtain GMT, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a GMT Lender in the UK
Once you have GMT, you'll need to choose a GMT lending platform to lend your tokens. You can see some options here.
View all 4 loan ratesPlatform Coin AER YouHodler GMT (GMT) Up to 12% AER 3. Earn GMT
Once you've selected a platform to earn your GMT, transfer your GMT 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.
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
GMT (GMT) is currently priced at US$12 with a 24-hour trading volume of US$105.93M. The market cap of GMT stands at US$379.33M, with 2.69B GMT in circulation. For those looking to purchase or trade GMT, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$379.33M
- 24-hour volume
- US$105.93M
- Circulating supply
- 2.69B GMT
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