Introduction
Lending REN can be a great option for those who want to hold REN 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 Guide
1. Obtain REN (REN) Tokens
In order to lend REN, you need to have it. To obtain REN, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a REN Lender
Once you have REN, you’ll need to choose a REN lending platform to lend your tokens. You can see some options here.
3. Lend Your REN
Once you’ve chosen a platform to lending your REN, transfer your REN 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
REN (REN) is currently priced at $0.01 with a 24-hour trading volume of $8.38M. The market cap of REN stands at 37.69M, with $1B REN in circulation. For those looking to buy or trade REN, Kucoin offers avenues to do so securely and efficiently.
- Market cap
- $37.69M
- 24h Volume
- $8.38M
- Circulating supply
- $1B
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