How to Lend AirDAO (AMB)

Introduction

Lending AirDAO can be an excellent choice for those looking to hold AMB while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire AirDAO (AMB) Tokens

   To lend AirDAO, you first need to possess it. To acquire AirDAO, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	AirDAO (AMB)	0.00032 APY
   BingX	AirDAO (AMB)	0.00026 APY
   Bitmart	AirDAO (AMB)	0.0001073 APY
   Bybit	AirDAO (AMB)	0.000668 APY
   Gate.io	AirDAO (AMB)	0.0001069 APY
   Kucoin	AirDAO (AMB)	0.0001052 APY

   See all 18 prices in Uganda

2. 2. Select a AirDAO Lender

   Once you have AMB, you'll need to select a AirDAO lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Kucoin	AirDAO (AMB)	Up to 50% APY

3. 3. Lend Your AirDAO

   Once you've selected a platform to lend your AirDAO, transfer your AirDAO into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

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 take to secure your cryptocurrency.