Introduction
Lending Flare can be a great option for those who want to hold FLR but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain Flare (FLR) tokens
In order to lend Flare, you need to have it. To obtain Flare, you’ll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Flare (FLR) $0.0147 Uphold Flare (FLR) $0.0147 Kraken Flare (FLR) $0.0147 OKX Flare (FLR) $0.0145 Coinbase Flare (FLR) $0.0147 BingX Flare (FLR) $0.0147 2. Choose a Flare lender
Once you have FLR, you’ll need to choose a Flare lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Flare (FLR) Up to 0.5% APY OKX Flare (FLR) Up to 1% APY 3. Lend your Flare
Once you’ve chosen a platform to lending your Flare, transfer your Flare into your wallet in the lending 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 lending 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
Flare (FLR) is currently priced at $1 with a 24-hour trading volume of $5.44M. The market cap of Flare stands at 727.53M, with $50.35B FLR in circulation. For those looking to buy or trade Flare, Kucoin offers avenues to do so securely and efficiently.
- Market cap
- $727.53M
- 24h Volume
- $5.44M
- Circulating supply
- $50.35B