Introduction
Lending Amp can be a great option for those who want to hold AMP 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 Amp (AMP) Tokens
In order to lend Amp, you need to have it. To obtain Amp, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Amp Lender
Once you have AMP, you'll need to choose a Amp lending platform to lend your tokens. You can see some options here.
3. Earn Amp
Once you've chosen a platform to earning your Amp, transfer your Amp into your wallet in the earning 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 earning 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
Amp (AMP) is currently priced at US$0.01 with a 24-hour trading volume of US$11.24M. The market cap of Amp stands at US$569.27M, with 84.23B AMP in circulation. For those looking to buy or trade Amp, Gemini offers avenues to do so securely and efficiently
- Market cap
- US$569.27M
- 24h volume
- US$11.24M
- Circulating supply
- 84.23B AMP
