Where and How to Lend The Root Network (ROOT)

Introduction

Lending The Root Network can be a great option for those who want to hold ROOT 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. 1. Obtain The Root Network (ROOT) Tokens

   In order to lend The Root Network, you need to have it. To obtain The Root Network, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	The Root Network (ROOT)	0.01
   MEXC Global	The Root Network (ROOT)	0.01
   Bitget	The Root Network (ROOT)	0.01
   CoinEx	The Root Network (ROOT)	0.01
   Bitmart	The Root Network (ROOT)	0.01

   See all 15 prices

2. 2. Choose a The Root Network Lender

   Once you have ROOT, you’ll need to choose a The Root Network lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	The Root Network (ROOT)	Up to 100 APY

3. 3. Lend Your The Root Network

   Once you’ve chosen a platform to lending your The Root Network, transfer your The Root Network 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. 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.