Introduction
Lending Polkacity can be a great option for those who want to hold POLC but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain Polkacity (POLC) Tokens
In order to lend Polkacity, you need to have it. To obtain Polkacity, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Polkacity Lender
Once you have POLC, you'll need to choose a Polkacity lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Polkacity (POLC) Up to 35% APY 3. Lend Your Polkacity
Once you've chosen a platform to lending your Polkacity, transfer your Polkacity into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Polkacity (POLC) is currently priced at $35 with a 24-hour trading volume of $568,459. The market cap of Polkacity stands at $2.74M, with 411.4M POLC in circulation. For those looking to buy or trade Polkacity, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $2.74M
- 24h volume
- $568,459
- Circulating supply
- 411.4M POLC
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