Introduction
Lending Arweave can be an excellent option for those who wish to hold AR 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 Arweave (AR) Tokens
To lend Arweave, you need to possess it. To obtain Arweave, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 42 pricesPlatform Coin Price PrimeXBT Arweave (AR) 3.47 Binance Arweave (AR) 3.48 Kraken Arweave (AR) 3.48 OKX Arweave (AR) 6.79 Uphold Arweave (AR) 6.8 Bake Arweave (AR) 3.47 2. Choose a Arweave Lender in the UK
Once you have AR, you'll need to choose a Arweave lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget Arweave (AR) Up to 1% AER Kucoin Arweave (AR) Up to 0.5% AER 3. Lend Your Arweave
Once you've chosen a platform to lend your Arweave, transfer your Arweave into your wallet on the lending platform. Once it's deposited, it will start earning 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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$989.77M
- 24-hour volume
- US$87.93M
- Circulating supply
- 65.45M AR
