Introduction
Lending Venom can be a great option for those who want to hold VENOM 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 Venom (VENOM) Tokens
In order to lend Venom, you need to have it. To obtain Venom, you’ll need to purchase it. You can choose from these popular exchanges.
See all 7 pricesPlatform Coin Price Bitpanda Venom (VENOM) 0.08 OKX Venom (VENOM) 0.08 BingX Venom (VENOM) 0.08 MEXC Global Venom (VENOM) 0.08 Kucoin Venom (VENOM) 0.08 Bybit Venom (VENOM) 0.08 2. Choose a Venom Lender
Once you have VENOM, you’ll need to choose a Venom lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Venom (VENOM) Up to 0.50 APY 3. Lend Your Venom
Once you’ve chosen a platform to lending your Venom, transfer your Venom 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
Venom (VENOM) is currently priced at $0.50 with a 24-hour trading volume of $1.67M. The market cap of Venom stands at $150.16M, with $1.88B VENOM in circulation. For those looking to buy or trade Venom, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $150.16M
- 24h volume
- $1.67M
- Circulating supply
- $1.88B