Where and How to Lend Amped Finance (AMP)

Introduction

Lending Amped Finance can be a great option for those who want to hold AMP 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. 1. Obtain Amped Finance (AMP) Tokens

   In order to lend Amped Finance, you need to have it. To obtain Amped Finance, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   MEXC Global	Amped Finance (AMP)	0.01
   Kucoin	Amped Finance (AMP)	0.01
   LBank	Amped Finance (AMP)	0.01
   Hotcoin	Amped Finance (AMP)	0.01

   See all 4 prices

2. 2. Choose a Amped Finance Lender

   Once you have AMP, you’ll need to choose a Amped Finance lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Amped Finance (AMP)	Up to 0.5 APY

3. 3. Lend Your Amped Finance

   Once you’ve chosen a platform to lending your Amped Finance, transfer your Amped Finance 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. 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.