Introduction
Lending Starknet can be an excellent option for those who wish to hold STRK 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 Starknet (STRK) Tokens
To lend Starknet, you need to possess it. To obtain Starknet, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 59 pricesPlatform Coin Price PrimeXBT Starknet (STRK) 0.13 Uphold Starknet (STRK) 0.14 Kraken Starknet (STRK) 0.13 OKX Starknet (STRK) 0.14 Binance Starknet (STRK) 0.13 BTSE Starknet (STRK) 0.13 2. Choose a Starknet Lender in the UK
Once you have STRK, you'll need to choose a Starknet lending platform to lend your tokens. You can see some options here.
View all 4 loan ratesPlatform Coin AER Kucoin Starknet (STRK) Up to 0.5% AER 3. Earn Starknet
Once you've selected a platform to earn your Starknet, transfer your Starknet 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
Starknet (STRK) is currently priced at US$16 with a 24-hour trading volume of US$66.99M. The market cap of Starknet stands at US$1.04B, with 2.42B STRK in circulation. For those looking to purchase or trade Starknet, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$1.04B
- 24-hour volume
- US$66.99M
- Circulating supply
- 2.42B STRK