Introduction
Lending UMA can be an excellent option for those who wish to hold UMA 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 UMA (UMA) Tokens
To lend UMA, you need to possess it. To obtain UMA, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a UMA Lender in the UK
Once you have UMA, you'll need to choose a UMA lending platform to lend your tokens. You can see some options here.
View all 4 loan ratesPlatform Coin AER Gemini UMA (UMA) Up to 0.01% AER Kucoin UMA (UMA) Up to 0.5% AER 3. Lend Your UMA
Once you've chosen a platform to lend your UMA, transfer your UMA 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
UMA (UMA) is currently priced at US$0.5 with a 24-hour trading volume of US$15.66M. The market cap of UMA stands at US$213.55M, with 84.3M UMA in circulation. For those looking to purchase or trade UMA, Gemini offers avenues to do so securely and efficiently
- Market capitalisation
- US$213.55M
- 24-hour volume
- US$15.66M
- Circulating supply
- 84.3M UMA
UMA
ADA
AVAX
BNB
BTC
DOGE
ETH
HYPE
LINK
SOL
STETH
SUI
TRX