Where and How to Earn Sonic (prev. FTM) (S)

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. 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. 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. 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. 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.