Introduction
Lending Rocket Pool can be a great option for those who want to hold RPL 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 Rocket Pool (RPL) Tokens
In order to lend Rocket Pool, you need to have it. To obtain Rocket Pool, you’ll need to purchase it. You can choose from these popular exchanges.
See all 17 pricesPlatform Coin Price Bitpanda Rocket Pool (RPL) 10.37 Uphold Rocket Pool (RPL) 10.57 Kraken Rocket Pool (RPL) 10.42 OKX Rocket Pool (RPL) 10.50 Binance Rocket Pool (RPL) 10.19 Coinbase Rocket Pool (RPL) 10.53 2. Choose a Rocket Pool Lender
Once you have RPL, you’ll need to choose a Rocket Pool lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Rocket Pool (RPL) Up to 0.50 APY Aave Rocket Pool (RPL) Up to 2.99 APY 3. Lend Your Rocket Pool
Once you’ve chosen a platform to lending your Rocket Pool, transfer your Rocket Pool 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
Rocket Pool (RPL) is currently priced at $2.99 with a 24-hour trading volume of $5.87M. In the last 24 hours, Rocket Pool has experienced a decrease of -0.00%. The market cap of Rocket Pool stands at $216.47M, with $20.83M RPL in circulation. For those looking to buy or trade Rocket Pool, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $216.47M
- 24h volume
- $5.87M
- Circulating supply
- $20.83M