Introduction
Lending QiSwap can be an excellent choice for those looking to hold QI 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 QiSwap (QI) Tokens
To lend QiSwap, you must first acquire it. To obtain QiSwap, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
2. Choose a QiSwap Lender
Once you have QI, you'll need to select a QiSwap lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Kucoin QiSwap (QI) Up to 0.5% APY 3. Earn QiSwap
Once you've selected a platform to earn your QiSwap, transfer your QiSwap 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
QiSwap (QI) is currently priced at US$0.5 with a 24-hour trading volume of US$9,385.53. For those looking to buy or trade QiSwap, Kucoin offers avenues to do so securely and efficiently
- 24h volume
- US$9,385.53
