Introduction
Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) tokens
In order to lend Wormhole, you need to have it. To obtain Wormhole, you’ll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Nexo Wormhole (W) $0.2715 Bitpanda Wormhole (W) $0.2721 Kraken Wormhole (W) $0.2709 OKX Wormhole (W) $0.2717 Binance Wormhole (W) $0.2689 Coinbase Wormhole (W) $0.5958 2. Choose a Wormhole lender
Once you have W, you’ll need to choose a Wormhole lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Wormhole (W) Up to 0.5% APY Bitget Wormhole (W) Up to 0.8% APY 3. Lend your Wormhole
Once you’ve chosen a platform to lending your Wormhole, transfer your Wormhole 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
Wormhole (W) is currently priced at $0.5 with a 24-hour trading volume of $115.37M. The market cap of Wormhole stands at 742.36M, with $2.70B W in circulation. For those looking to buy or trade Wormhole, Kucoin offers avenues to do so securely and efficiently.
- Market cap
- $742.36M
- 24h Volume
- $115.37M
- Circulating supply
- $2.70B