Introduction
Lending EOS can be an excellent option for those who wish to hold EOS 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 EOS (EOS) Tokens
To lend EOS, you need to possess it. To obtain EOS, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a EOS Lender in the UK
Once you have EOS, you'll need to choose a EOS lending platform to lend your tokens. You can see some options here.
3. Lend Your EOS
Once you've chosen a platform to lend your EOS, transfer your EOS 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
EOS (EOS) is currently priced at US$12 with a 24-hour trading volume of US$129.37M. The market cap of EOS stands at US$1.2B, with 1.52B EOS in circulation. For those looking to buy or trade EOS, Nexo offers avenues to do so securely and efficiently
- Market capitalisation
- US$1.2B
- 24-hour volume
- US$129.37M
- Circulating supply
- 1.52B EOS
