Introduction
Lending LooksRare can be an excellent choice for those looking to hold LOOKS while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire LooksRare (LOOKS) Tokens
To lend LooksRare, you first need to possess it. To acquire LooksRare, you'll need to buy it. You can select from these well-known exchanges.
2. Select a LooksRare Lender
Once you have LOOKS, you'll need to select a LooksRare lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Kucoin LooksRare (LOOKS) Up to 0,26% APY 3. Earn LooksRare
Once you've selected a platform to earn your LooksRare, transfer your LooksRare into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the Market
LooksRare (LOOKS) is currently priced at US$0,26 with a 24-hour trading volume of US$4,17M. The market cap of LooksRare stands at US$49,41M, with 993,65M LOOKS in circulation. For those looking to buy or trade LooksRare, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$49,41M
- 24-hour trading volume
- US$4,17M
- Circulating supply
- 993,65M LOOKS
