Introduction
Lending Rose Finance can be a great option for those who want to hold ROSE 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 Rose Finance (ROSE) Tokens
To lend Rose Finance, you need to have it. To get Rose Finance, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Rose Finance Lender
Once you have ROSE, you'll need to choose a Rose Finance lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Rose Finance (ROSE) Up to 20% APY 3. Earn Rose Finance
Once you've chosen a platform to earn your Rose Finance, transfer your Rose 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
Rose Finance (ROSE) is presently priced at US$20. For those interested in buying or trading Rose Finance, Kucoin offers ways to do so safely and efficiently