Introduction
Lending Bonk can be a great option for those who want to hold BONK 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 Bonk (BONK) Tokens
In order to lend Bonk, you need to have it. To obtain Bonk, you'll need to purchase it. You can choose from these popular exchanges.
See all 40 pricesPlatform Coin Price YouHodler Bonk (BONK) 0.00002437 Binance Bonk (BONK) 0.00002435 BTSE Bonk (BONK) 0.00002424 OKX Bonk (BONK) 0.00002434 Uphold Bonk (BONK) 0.00001688 Bake Bonk (BONK) 0.00002428 2. Choose a Bonk Lender
Once you have BONK, you'll need to choose a Bonk lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate YouHodler Bonk (BONK) Up to 30% APY 3. Earn Bonk
Once you've chosen a platform to earning your Bonk, transfer your Bonk 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
Bonk (BONK) is currently priced at $30 with a 24-hour trading volume of $211.72M. The market cap of Bonk stands at $2.12B, with 76.27T BONK in circulation. For those looking to buy or trade Bonk, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $2.12B
- 24h volume
- $211.72M
- Circulating supply
- 76.27T BONK
Frequently Asked Questions About Lending Bonk (BONK)
- What are the average lending rates for Bonk (BONK)?
- The average lending rate for Bonk (BONK) currently stands at 30%. This rate reflects the typical return one might expect when lending BONK on platforms that support it. Keep in mind that actual rates may vary based on market conditions and the specific lending platform used. For the best rates, you may want to check platforms like YouHodler, which offers competitive lending options for BONK.