Introduction
Lending Oraichain can be an excellent choice for those looking to hold ORAI while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide
1. Acquire Oraichain (ORAI) Tokens
To lend Oraichain, you must first acquire it. To obtain Oraichain, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
See all 17 pricesPlatform Coin Price Uphold Oraichain (ORAI) 2.97 Bake Oraichain (ORAI) 0.65 Bitget Oraichain (ORAI) 0.74 Bitpanda Oraichain (ORAI) 10.03 CoinEx Oraichain (ORAI) 0.65 Crypto.com Oraichain (ORAI) 0.65 2. Choose a Oraichain Lender
Once you have ORAI, you'll need to select a Oraichain lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Kucoin Oraichain (ORAI) Up to 15% APY 3. Earn Oraichain
Once you've selected a platform to earn your Oraichain, transfer your Oraichain into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
What to be Aware of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
Latest Movements
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- Market cap
- US$182.75M
- 24h volume
- US$7.1M
- Circulating supply
- 16.87M ORAI
