Earn up to
30% APY
A comprehensive guide on how to lend Sonic (prev. FTM) (S)
We have extensive data on lending Sonic (prev. FTM) (S), and we are sharing some of this information with you.
We present various lending options with alternative cryptocurrencies that may pique your interest.
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Lending Sonic (prev. FTM) is an excellent choice for those looking to hold S while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.
To lend Sonic (prev. FTM), you must first own it. To acquire Sonic (prev. FTM), you will need to buy it. You can select from these well-known exchanges.
Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can find some options listed 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 |
After selecting a platform to lend your Sonic (prev. FTM), transfer your Sonic (prev. FTM) into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.
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