Introduction
Lending 1inch is an excellent choice for those looking to hold 1INCH while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.
Comprehensive Guide
1. Acquire 1inch (1INCH) Tokens
To lend 1inch, you must first possess it. To acquire 1inch, you will need to buy it. You can select from these well-known exchanges.
View all 61 pricesPlatform Coin Cost Nexo 1inch (1INCH) 0.15 PrimeXBT 1inch (1INCH) 0.15 YouHodler 1inch (1INCH) 0.15 Binance 1inch (1INCH) 0.15 BTSE 1inch (1INCH) 0.15 Coinbase 1inch (1INCH) 0.15 2. Select a 1inch Lender
Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can find some options here.
View all 9 loan ratesPlatform Coin Interest rate Nebeus 1inch (1INCH) Earn up to 13% APY YouHodler 1inch (1INCH) Earn up to 12% APY Aave 1inch (1INCH) Earn up to 0.09% APY 3. Earn 1inch
After selecting a platform to earn your 1inch, transfer your 1inch to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.
4. Accumulate Interest
Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.
Key Considerations
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.
Recent Developments
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- Market capitalization
- $534.19M
- 24-hour trading volume
- $73.19M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 1.4B 1INCH
