Introduction
Lending GuildFi can be a great option for those who want to hold GF 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 GuildFi (GF) Tokens
In order to lend GuildFi, you need to have it. To obtain GuildFi, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Gate.io GuildFi (GF) 0.39 2. Choose a GuildFi Lender
Once you have GF, you’ll need to choose a GuildFi lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate OKX GuildFi (GF) Up to 1 APY 3. Lend Your GuildFi
Once you’ve chosen a platform to lending your GuildFi, transfer your GuildFi 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
- Market cap
- $150,023
- 24h volume
- $66.42
- Circulating supply
- $29.3M