Introduction
Lending LUKSO can be an excellent option for those who wish to hold LYX 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 LUKSO (LYX) Tokens
To lend LUKSO, you need to possess it. To obtain LUKSO, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 15 pricesPlatform Coin Price Uphold LUKSO (LYX) 0.99 Bitget LUKSO (LYX) 0.65 Bitpanda LUKSO (LYX) 1.86 CoinEx LUKSO (LYX) 0.93 Crypto.com LUKSO (LYX) 0.93 Gate.io LUKSO (LYX) 0.94 2. Choose a LUKSO Lender in the UK
Once you have LYX, you'll need to choose a LUKSO lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget LUKSO (LYX) Up to 1% AER Kucoin LUKSO (LYX) Up to 200% AER 3. Earn LUKSO
Once you've selected a platform to earn your LUKSO, transfer your LUKSO 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
LUKSO (LYX) is currently priced at US$1 with a 24-hour trading volume of US$940,416. The market cap of LUKSO stands at US$58.23M, with 30.38M LYX in circulation. For those looking to purchase or trade LUKSO, Bitget offers avenues to do so securely and efficiently
- Market capitalisation
- US$58.23M
- 24-hour volume
- US$940,416
- Circulating supply
- 30.38M LYX