Introduction
Lending Stellar can be a great option for those who want to hold XLM 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 Stellar (XLM) tokens
In order to lend Stellar, you need to have it. To obtain Stellar, you’ll need to purchase it. You can choose from these popular exchanges.
See all 20 pricesPlatform Coin Price Bitpanda Stellar (XLM) $0.0892 M2 Stellar (XLM) $0.0886 YouHodler Stellar (XLM) $0.0887 Uphold Stellar (XLM) $0.0985 Wirex Stellar (XLM) $0.0892 EarnPark Stellar (XLM) $0.0884 2. Choose a Stellar lender
Once you have XLM, you’ll need to choose a Stellar lending platform to lend your tokens. You can see some options here.
See all 7 lending ratesPlatform Coin Interest rate Nexo Stellar (XLM) Up to 8% APY YouHodler Stellar (XLM) Up to 11% APY EarnPark Stellar (XLM) Up to 8% APY Nebeus Stellar (XLM) Up to 4.5% APY 3. Lend your Stellar
Once you’ve chosen a platform to lending your Stellar, transfer your Stellar 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
Stellar (XLM) is currently priced at $0.0885 with a 24-hour trading volume of $40.33M. The market cap of Stellar stands at 2.62B, with $29.55B XLM in circulation. For those looking to buy or trade Stellar, reputable platforms like Bitpanda, M2 and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $2.62B
- 24h Volume
- $40.33M
- Circulating supply
- $29.55B