Introduction
Lending TRAC (Ordinals) can be a great option for those who want to hold TRAC 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 TRAC (Ordinals) (TRAC) Tokens
In order to lend TRAC (Ordinals), you need to have it. To obtain TRAC (Ordinals), you'll need to purchase it. You can choose from these popular exchanges.
See all 4 pricesPlatform Coin Price Kraken TRAC (Ordinals) (TRAC) 0.41 Kucoin TRAC (Ordinals) (TRAC) 0.41 2. Choose a TRAC (Ordinals) Lender
Once you have TRAC, you'll need to choose a TRAC (Ordinals) lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin TRAC (Ordinals) (TRAC) Up to 0.3% APY 3. Earn TRAC (Ordinals)
Once you've chosen a platform to earning your TRAC (Ordinals), transfer your TRAC (Ordinals) 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
- Market cap
- $10.78M
- 24h volume
- $493,107
- Circulating supply
- 21M TRAC