Introduction
Lending Amp can be a great option for those who want to hold AMP 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 Amp (AMP) Tokens
In order to lend Amp, you need to have it. To obtain Amp, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a Amp Lender
Once you have AMP, you’ll need to choose a Amp lending platform to lend your tokens. You can see some options here.
3. Lend Your Amp
Once you’ve chosen a platform to lending your Amp, transfer your Amp 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
Amp (AMP) is currently priced at $0.01 with a 24-hour trading volume of $41,242,134. The market cap of Amp stands at $431,905,569, with $80,722,574,661.29 AMP in circulation. For those looking to buy or trade Amp, Gemini offers avenues to do so securely and efficiently}
- Market cap
- $431.91M
- 24h volume
- $41.24M
- Circulating supply
- $80.72B
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