Introduction
Lending Ribbon Finance can be a great option for those who want to hold RBN but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.
Step-by-Step Guide
1. Obtain Ribbon Finance (RBN) Tokens
To lend Ribbon Finance, you need to have it. To get Ribbon Finance, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Ribbon Finance Lender
Once you have RBN, you'll need to choose a Ribbon Finance lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Gemini Ribbon Finance (RBN) Up to 0,01% APY 3. Earn Ribbon Finance
Once you've chosen a platform to earn your Ribbon Finance, transfer your Ribbon Finance into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Ribbon Finance (RBN) is presently priced at US$0,01 with a 24-hour trading volume of US$180 988. The market cap of Ribbon Finance stands at US$32,8M, with 97,85M RBN in circulation. For those interested in buying or trading Ribbon Finance, Gemini offers ways to do so safely and efficiently
- Market cap
- US$32,8M
- 24h trading volume
- US$180 988
- Circulating supply
- 97,85M RBN