Introduction
Lending Orchid Protocol can be a great option for those who want to hold OXT 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 Orchid Protocol (OXT) Tokens
In order to lend Orchid Protocol, you need to have it. To obtain Orchid Protocol, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Orchid Protocol Lender
Once you have OXT, you'll need to choose a Orchid Protocol lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate Kucoin Orchid Protocol (OXT) Up to 0.5 APY Gemini Orchid Protocol (OXT) Up to 0.01 APY 3. Lend Your Orchid Protocol
Once you've chosen a platform to lending your Orchid Protocol, transfer your Orchid Protocol 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
Orchid Protocol (OXT) is currently priced at $0.01 with a 24-hour trading volume of $5.86M. The market cap of Orchid Protocol stands at $67.02M, with 591.54M OXT in circulation. For those looking to buy or trade Orchid Protocol, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $67.02M
- 24h volume
- $5.86M
- Circulating supply
- 591.54M OXT