Introduction
Lending Fantom is an excellent choice for those looking to hold FTM 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 Fantom (FTM) Tokens
To lend Fantom, you must first possess it. To acquire Fantom, you will need to buy it. You can select from these well-known exchanges.
View all 43 pricesPlatform Coin Cost Nexo Fantom (FTM) 0.47 PrimeXBT Fantom (FTM) 0.68 YouHodler Fantom (FTM) 0.7 Uphold Fantom (FTM) 0.68 Kraken Fantom (FTM) 0.57 OKX Fantom (FTM) 0.69 2. Select a Fantom Lender
Once you have FTM, you'll need to select a Fantom lending platform to lend your tokens. You can find some options here.
View all 6 loan ratesPlatform Coin Interest rate Nexo Fantom (FTM) Earn up to 7% APY Nebeus Fantom (FTM) Earn up to 13% APY YouHodler Fantom (FTM) Earn up to 30% APY 3. Earn Fantom
After selecting a platform to earn your Fantom, transfer your Fantom 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
Fantom (FTM) is currently priced at $30 with a 24-hour trading volume of $213.48M. The market cap of Fantom stands at $1.82B, with 2.8B FTM in circulation. For those looking to buy or trade Fantom, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- $1.82B
- 24-hour trading volume
- $213.48M
- 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.
- 2.8B FTM