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Introduction

Lending Sonic (prev. FTM) is an excellent choice for those looking to hold S 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. 1. Acquire Sonic (prev. FTM) (S) Tokens

   To lend Sonic (prev. FTM), you must first possess it. To acquire Sonic (prev. FTM), you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Sonic (prev. FTM) (S)	0.08
   PrimeXBT	Sonic (prev. FTM) (S)	0.08
   YouHodler	Sonic (prev. FTM) (S)	0.08
   Binance	Sonic (prev. FTM) (S)	0.08
   Coinbase	Sonic (prev. FTM) (S)	0.08
   Kraken	Sonic (prev. FTM) (S)	0.08

   View all 41 prices

2. 2. Select a Sonic (prev. FTM) Lender

   Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Sonic (prev. FTM) (S)	Earn up to 30% APY
   Kucoin	Sonic (prev. FTM) (S)	Earn up to 4.5% APY

3. 3. Earn Sonic (prev. FTM)

   After selecting a platform to earn your Sonic (prev. FTM), transfer your Sonic (prev. FTM) 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. 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.