How to Earn Sonic (prev. FTM) (S): A Comprehensive Guide

Introduction

Lending Sonic (prev. FTM) can be an excellent choice for those looking to hold S 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 Sonic (prev. FTM) (S) Tokens

To lend Sonic (prev. FTM), you must first acquire it. To obtain Sonic (prev. FTM), you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

Platform	Coin	Price
Nexo	Sonic (prev. FTM) (S)	0.09
PrimeXBT	Sonic (prev. FTM) (S)	0.08
YouHodler	Sonic (prev. FTM) (S)	0.08
Binance	Sonic (prev. FTM) (S)	0.08
Coinbase	Sonic (prev. FTM) (S)	0.08
Kraken	Sonic (prev. FTM) (S)	0.08

See all 41 prices

2. Choose a Sonic (prev. FTM) Lender
Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate
YouHodler Sonic (prev. FTM) (S) Up to 30% APY
Kucoin Sonic (prev. FTM) (S) Up to 4.5% APY
3. Earn Sonic (prev. FTM)
Once you've selected a platform to earn your Sonic (prev. FTM), transfer your Sonic (prev. FTM) 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.

Platform	Coin	Interest rate
YouHodler	Sonic (prev. FTM) (S)	Up to 30% APY
Kucoin	Sonic (prev. FTM) (S)	Up to 4.5% APY

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

Sonic (prev. FTM) (S) is currently priced at US$30 with a 24-hour trading volume of US$3.15M. The market cap of Sonic (prev. FTM) stands at US$2.05B, with 3.18B S in circulation. For those looking to buy or trade Sonic (prev. FTM), YouHodler offers avenues to do so securely and efficiently

Market cap: US$2.05B
24h volume: US$3.15M
Circulating supply: 3.18B S

See latest information

Frequently Asked Questions About Lending Sonic (prev. FTM) (S)

What are the current lending rates for Sonic (formerly FTM) (S)?: The current lending rates for Sonic (S) indicate a total of two available rates, with an average rate of 2.265%. The best lending rate is available on Kucoin, although specific percentage details are not provided. Monitoring these rates is essential for users looking to leverage their investments in Sonic, so regularly checking updated data is advisable. For real-time comparisons and alerts, consider utilizing Bitcompare’s features to stay informed.