How to Earn THORChain (RUNE): A Comprehensive Guide

Introduction

Lending THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens
To lend THORChain, you must first acquire it. To obtain THORChain, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
Platform Coin Price
Nexo THORChain (RUNE) 0.57
PrimeXBT THORChain (RUNE) 0.57
Binance THORChain (RUNE) 0.57
Coinbase THORChain (RUNE) 5.44
Kraken THORChain (RUNE) 0.57
Uphold THORChain (RUNE) 1.17
See all 40 prices
2. Choose a THORChain Lender
Once you have RUNE, you'll need to select a THORChain lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate
Kucoin THORChain (RUNE) Up to 0.5% APY
3. Earn THORChain
Once you've selected a platform to earn your THORChain, transfer your THORChain 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	Price
Nexo	THORChain (RUNE)	0.57
PrimeXBT	THORChain (RUNE)	0.57
Binance	THORChain (RUNE)	0.57
Coinbase	THORChain (RUNE)	5.44
Kraken	THORChain (RUNE)	0.57
Uphold	THORChain (RUNE)	1.17

Platform	Coin	Interest rate
Kucoin	THORChain (RUNE)	Up to 0.5% 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

THORChain (RUNE) is currently priced at US$0.5 with a 24-hour trading volume of US$490.55M. The market cap of THORChain stands at US$1.11B, with 344.45M RUNE in circulation. For those looking to buy or trade THORChain, Kucoin offers avenues to do so securely and efficiently

Market cap: US$1.11B
24h volume: US$490.55M
Circulating supply: 344.45M RUNE

See latest information

Frequently Asked Questions About Lending THORChain (RUNE)

What are the current lending rates for THORChain (RUNE)?: As of now, THORChain (RUNE) has a lending rate of 0.5% available on platforms like Kucoin. This rate may vary based on market conditions and demand for lending RUNE. It is crucial to monitor these rates regularly, as they can change frequently. Utilizing comparison tools like Bitcompare can help you find the best available rates and stay informed about other lending options, ensuring you maximize your investment in THORChain.