Introduction
Lending ZKsync can be a great option for those who want to hold ZK 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 ZKsync (ZK) Tokens
To lend ZKsync, you need to have it. To acquire ZKsync, you’ll need to buy it. You can choose from these popular exchanges.
See all 41 pricesPlatform Coin Price Kraken ZKsync (ZK) 0.06 OKX ZKsync (ZK) 0.06 BTSE ZKsync (ZK) 0.06 Coinbase ZKsync (ZK) 0.06 Bitget ZKsync (ZK) 0.06 MEXC Global ZKsync (ZK) 0.06 2. Choose a ZKsync Lender
Once you have ZK, you’ll need to choose a ZKsync lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin ZKsync (ZK) Up to 0.5% AER 3. Lend Your ZKsync
Once you’ve chosen a platform to lend your ZKsync, transfer your ZKsync 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
ZKsync (ZK) is currently priced at US$0.5 with a 24-hour trading volume of US$115.87M. The market cap of ZKsync stands at US$657.31M, with 3.68B ZK in circulation. For those looking to purchase or trade ZKsync, Kucoin offers avenues to do so securely and efficiently}
- Market capitalisation
- US$657.31M
- 24-hour volume
- US$115.87M
- Circulating supply
- 3.68B ZK