Introduction
Lending Numeraire can be a great option for those who want to hold NMR 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 Numeraire (NMR) Tokens
In order to lend Numeraire, you need to have it. To obtain Numeraire, you’ll need to purchase it. You can choose from these popular exchanges.
See all 18 pricesPlatform Coin Price Bitpanda Numeraire (NMR) 14.51 Uphold Numeraire (NMR) 14.84 Kraken Numeraire (NMR) 14.49 OKX Numeraire (NMR) 14.81 Binance Numeraire (NMR) 14.13 Coinbase Numeraire (NMR) 14.71 2. Choose a Numeraire Lender
Once you have NMR, you’ll need to choose a Numeraire lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Numeraire (NMR) Up to 0.50 APY OKX Numeraire (NMR) Up to 1.00 APY 3. Lend Your Numeraire
Once you’ve chosen a platform to lending your Numeraire, transfer your Numeraire 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
Numeraire (NMR) is currently priced at $1.00 with a 24-hour trading volume of $4.71M. The market cap of Numeraire stands at $106.91M, with $7.34M NMR in circulation. For those looking to buy or trade Numeraire, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $106.91M
- 24h volume
- $4.71M
- Circulating supply
- $7.34M