Introduction
Lending Illuvium can be a great option for those who want to hold ILV 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 Illuvium (ILV) Tokens
In order to lend Illuvium, you need to have it. To obtain Illuvium, you’ll need to purchase it. You can choose from these popular exchanges.
See all 16 pricesPlatform Coin Price Bitpanda Illuvium (ILV) 34.39 Uphold Illuvium (ILV) 34.94 OKX Illuvium (ILV) 34.78 Binance Illuvium (ILV) 33.80 Coinbase Illuvium (ILV) 34.84 BTSE Illuvium (ILV) 34.85 2. Choose a Illuvium Lender
Once you have ILV, you’ll need to choose a Illuvium lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Illuvium (ILV) Up to 0.50 APY 3. Lend Your Illuvium
Once you’ve chosen a platform to lending your Illuvium, transfer your Illuvium 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
Illuvium (ILV) is currently priced at $12.00 with a 24-hour trading volume of $24.42M. The market cap of Illuvium stands at $208.83M, with $6.03M ILV in circulation. For those looking to buy or trade Illuvium, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $208.83M
- 24h volume
- $24.42M
- Circulating supply
- $6.03M