Introduction
Lending Tezos can be a great option for those who want to hold XTZ 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 Tezos (XTZ) Tokens
In order to lend Tezos, you need to have it. To obtain Tezos, you’ll need to purchase it. You can choose from these popular exchanges.
See all 24 pricesPlatform Coin Price Bitpanda Tezos (XTZ) 1.03 Uphold Tezos (XTZ) 0.75 PrimeXBT Tezos (XTZ) 1.03 Kraken Tezos (XTZ) 0.74 OKX Tezos (XTZ) 1.03 YouHodler Tezos (XTZ) 1.03 2. Choose a Tezos Lender
Once you have XTZ, you’ll need to choose a Tezos lending platform to lend your tokens. You can see some options here.
See all 5 lending ratesPlatform Coin Interest rate YouHodler Tezos (XTZ) Up to 12 APY Kucoin Tezos (XTZ) Up to 0.5 APY 3. Lend Your Tezos
Once you’ve chosen a platform to lending your Tezos, transfer your Tezos 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
Tezos (XTZ) is currently priced at $0.01 with a 24-hour trading volume of $177.72M. The market cap of Tezos stands at $1.05B, with $1.01B XTZ in circulation. For those looking to buy or trade Tezos, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $1.05B
- 24h volume
- $177.72M
- Circulating supply
- $1.01B
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