Introduction
Lending Osmosis can be an excellent option for those who wish to hold OSMO 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 Osmosis (OSMO) Tokens
To lend Osmosis, you need to possess it. To obtain Osmosis, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 38 pricesPlatform Coin Price Nexo Osmosis (OSMO) 0.17 Binance Osmosis (OSMO) 0.17 Coinbase Osmosis (OSMO) 0.17 Kraken Osmosis (OSMO) 0.17 Bake Osmosis (OSMO) 0.17 BingX Osmosis (OSMO) 0.17 2. Choose a Osmosis Lender in the UK
Once you have OSMO, you'll need to choose a Osmosis lending platform to lend your tokens. You can see some options here.
Platform Coin AER Nexo Osmosis (OSMO) Up to 5.5% AER Kucoin Osmosis (OSMO) Up to 0.24% AER 3. Earn Osmosis
Once you've selected a platform to earn your Osmosis, transfer your Osmosis 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
Osmosis (OSMO) is currently priced at US$5.5 with a 24-hour trading volume of US$11.55M. The market cap of Osmosis stands at US$327.59M, with 704.19M OSMO in circulation. For those looking to purchase or trade Osmosis, Nexo offers avenues to do so securely and efficiently
- Market capitalisation
- US$327.59M
- 24-hour volume
- US$11.55M
- Circulating supply
- 704.19M OSMO