Introduction
Lending Reserve Rights can be an excellent option for those who wish to hold RSR 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 Reserve Rights (RSR) Tokens
To lend Reserve Rights, you need to possess it. To obtain Reserve Rights, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Reserve Rights Lender in the UK
Once you have RSR, you'll need to choose a Reserve Rights lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin Reserve Rights (RSR) Up to 0.5% AER 3. Lend Your Reserve Rights
Once you've chosen a platform to lend your Reserve Rights, transfer your Reserve Rights 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
Reserve Rights (RSR) is currently priced at US$0.5 with a 24-hour trading volume of US$48.56M. The market cap of Reserve Rights stands at US$697.85M, with 53.83B RSR in circulation. For those looking to buy or trade Reserve Rights, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$697.85M
- 24-hour volume
- US$48.56M
- Circulating supply
- 53.83B RSR
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