Introduction
Lending Orion Protocol can be a great option for those who want to hold ORN 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 Orion Protocol (ORN) Tokens
In order to lend Orion Protocol, you need to have it. To obtain Orion Protocol, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a Orion Protocol Lender
Once you have ORN, you’ll need to choose a Orion Protocol lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Orion Protocol (ORN) Up to 0.50 APY 3. Lend Your Orion Protocol
Once you’ve chosen a platform to lending your Orion Protocol, transfer your Orion 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
Orion Protocol (ORN) is currently priced at $0.50 with a 24-hour trading volume of $98.09K. The market cap of Orion Protocol stands at $36.73M, with $34.43M ORN in circulation. For those looking to buy or trade Orion Protocol, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $36.73M
- 24h volume
- $98.09K
- Circulating supply
- $34.43M