Introduction
Lending WOO can be a great option for those who want to hold WOO 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 WOO (WOO) tokens
In order to lend WOO, you need to have it. To obtain WOO, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a WOO lender
Once you have WOO, you’ll need to choose a WOO lending platform to lend your tokens. You can see some options here.
3. Lend your WOO
Once you’ve chosen a platform to lending your WOO, transfer your WOO 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
WOO (WOO) is currently priced at $0.1754 with a 24-hour trading volume of $20.15M. In the last 24 hours, WOO has seen an increase of 0.48%. The market cap of WOO stands at 315.52M, with $1.82B WOO in circulation. For those looking to buy or trade WOO, reputable platforms like Bitpanda, Kraken and OKX offer avenues to do so securely and efficiently.
- Market cap
- $315.52M
- 24h Volume
- $20.15M
- Circulating supply
- $1.82B