Introduction
Lending Tezos can be a great option for those who want to hold XTZ but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Tezos (XTZ) Tokens
To lend Tezos, you need to have it. To acquire Tezos, you’ll need to buy it. You can choose from these popular exchanges.
See all 29 pricesPlatform Coin Price PrimeXBT Tezos (XTZ) 1.27 Uphold Tezos (XTZ) 1.26 OKX Tezos (XTZ) 1.27 YouHodler Tezos (XTZ) 1.26 Binance Tezos (XTZ) 1.26 BTSE Tezos (XTZ) 1.26 2. Choose a Tezos Lender
Once you have XTZ, you’ll need to choose a Tezos lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate YouHodler Tezos (XTZ) Up to 12 AER Kucoin Tezos (XTZ) Up to 2 AER 3. Lend Your Tezos
Once you’ve chosen a platform to lend your Tezos, transfer your Tezos into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Tezos (XTZ) is currently priced at US$12 with a 24-hour trading volume of US$72.25M. The market cap of Tezos stands at US$1.29B, with US$1.02B XTZ in circulation. For those looking to purchase or trade Tezos, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$1.29B
- 24-hour volume
- US$72.25M
- Circulating supply
- US$1.02B
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