Earn up to
100% APY
An in-depth guide on how to lend The Root Network (ROOT)
We have a lot of data on lending The Root Network (ROOT) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
The Root Network (ROOT) is currently priced at US$100 with a 24-hour trading volume of US$6.65M. The market cap of The Root Network stands at US$37.18M, with 1.45B ROOT in circulation. For those looking to buy or trade The Root Network, Kucoin offers avenues to do so securely and efficiently
Lending The Root Network can be a great option for those who want to hold ROOT 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.
In order to lend The Root Network, you need to have it. To obtain The Root Network, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Uphold | The Root Network (ROOT) | 0.01 |
| Bitget | The Root Network (ROOT) | 0 |
| Bitmart | The Root Network (ROOT) | 0.000217 |
| CoinEx | The Root Network (ROOT) | 0.0002274 |
| Gate.io | The Root Network (ROOT) | 0.0002379 |
| Hotcoin | The Root Network (ROOT) | 0.03 |
Once you have ROOT, you'll need to choose a The Root Network lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Kucoin | The Root Network (ROOT) | Up to 100% APY |
Once you've chosen a platform to lending your The Root Network, transfer your The Root Network 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.
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.
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.
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