Introduction
Lending Kava can be a great option for those who want to hold KAVA 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 Kava (KAVA) Tokens
In order to lend Kava, you need to have it. To obtain Kava, you’ll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Nexo Kava (KAVA) 0.54 Bitpanda Kava (KAVA) 0.54 Uphold Kava (KAVA) 0.53 Kraken Kava (KAVA) 0.54 Binance Kava (KAVA) 0.55 Coinbase Kava (KAVA) 0.54 2. Choose a Kava Lender
Once you have KAVA, you’ll need to choose a Kava lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Kava (KAVA) Up to 0.5 APY 3. Lend Your Kava
Once you’ve chosen a platform to lending your Kava, transfer your Kava 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
Kava (KAVA) is currently priced at $0.5 with a 24-hour trading volume of $35,147,420. The market cap of Kava stands at $579,194,694, with $1,082,853,889 KAVA in circulation. For those looking to buy or trade Kava, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $579.19M
- 24h volume
- $35.15M
- Circulating supply
- $1.08B