Introduction
Lending 1inch can be a great option for those who want to hold 1INCH 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 1inch (1INCH) Tokens
In order to lend 1inch, you need to have it. To obtain 1inch, you’ll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Nexo 1inch (1INCH) 0.24 Bitpanda 1inch (1INCH) 0.24 Uphold 1inch (1INCH) 0.24 Kraken 1inch (1INCH) 0.24 OKX 1inch (1INCH) 0.24 YouHodler 1inch (1INCH) 0.24 2. Choose a 1inch Lender
Once you have 1INCH, you’ll need to choose a 1inch lending platform to lend your tokens. You can see some options here.
See all 5 lending ratesPlatform Coin Interest rate Nebeus 1inch (1INCH) Up to 10.50 APY YouHodler 1inch (1INCH) Up to 12.00 APY Kucoin 1inch (1INCH) Up to 0.50 APY 3. Lend Your 1inch
Once you’ve chosen a platform to lending your 1inch, transfer your 1inch 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.
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 lending 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
1inch (1INCH) is currently priced at $0.09 with a 24-hour trading volume of $32.75M. The market cap of 1inch stands at $306.90M, with $1.28B 1INCH in circulation. For those looking to buy or trade 1inch, Nebeus offers avenues to do so securely and efficiently}
- Market cap
- $306.90M
- 24h volume
- $32.75M
- Circulating supply
- $1.28B
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