Introduction
Lending NEO can be a great option for those who want to hold NEO 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 NEO (NEO) Tokens
In order to lend NEO, you need to have it. To obtain NEO, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a NEO Lender
Once you have NEO, you’ll need to choose a NEO lending platform to lend your tokens. You can see some options here.
3. Lend Your NEO
Once you’ve chosen a platform to lending your NEO, transfer your NEO 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
NEO (NEO) is currently priced at $1 with a 24-hour trading volume of $137,381,102. The market cap of NEO stands at $1,042,331,878, with $70,530,000 NEO in circulation. For those looking to buy or trade NEO, OKX offers avenues to do so securely and efficiently}
- Market cap
- $1.04B
- 24h volume
- $137.38M
- Circulating supply
- $70.53M
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