Introduction
Lending SmarDex can be an excellent option for those who wish to hold SDEX 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 SmarDex (SDEX) Tokens
To lend SmarDex, you need to possess it. To obtain SmarDex, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 10 pricesPlatform Coin Price Bitget SmarDex (SDEX) 0.01 Bitmart SmarDex (SDEX) 0.01 Gate.io SmarDex (SDEX) 0.01 MEXC Global SmarDex (SDEX) 0.01 SwissBorg SmarDex (SDEX) 0 2. Choose a SmarDex Lender in the UK
Once you have SDEX, you'll need to choose a SmarDex lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget SmarDex (SDEX) Up to 1% AER 3. Earn SmarDex
Once you've selected a platform to earn your SmarDex, transfer your SmarDex 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
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- Market capitalisation
- US$131.55M
- 24-hour volume
- US$1.52M
- Circulating supply
- 9.04B SDEX
