Introduction
Lending Story can be an excellent option for those who wish to hold story 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 Story (story) Tokens
To lend Story, you need to possess it. To obtain Story, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Story Lender in the UK
Once you have story, you'll need to choose a Story lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin Story (story) Up to 4% AER 3. Earn Story
Once you've selected a platform to earn your Story, transfer your Story 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.
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