Introduction
Lending Cosmos can be a great option for those who want to hold ATOM 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 Cosmos (ATOM) tokens
In order to lend Cosmos, you need to have it. To obtain Cosmos, you’ll need to purchase it. You can choose from these popular exchanges.
See all 22 pricesPlatform Coin Price Bitpanda Cosmos (ATOM) $4.2 M2 Cosmos (ATOM) $4.18 YouHodler Cosmos (ATOM) $4.18 Uphold Cosmos (ATOM) $4.79 Wirex Cosmos (ATOM) $4.21 Kraken Cosmos (ATOM) $4.18 2. Choose a Cosmos lender
Once you have ATOM, you’ll need to choose a Cosmos lending platform to lend your tokens. You can see some options here.
See all 8 lending ratesPlatform Coin Interest rate Nexo Cosmos (ATOM) Up to 11% APY YouHodler Cosmos (ATOM) Up to 16% APY OKX Cosmos (ATOM) Up to 1% APY 3. Lend your Cosmos
Once you’ve chosen a platform to lending your Cosmos, transfer your Cosmos 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
Cosmos (ATOM) is currently priced at $4.18 with a 24-hour trading volume of $137.45M. In the last 24 hours, Cosmos has experienced a decrease of -0.63%. The market cap of Cosmos stands at 1.63B, with $390.69M ATOM in circulation. For those looking to buy or trade Cosmos, reputable platforms like Bitpanda, M2 and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $1.63B
- 24h Volume
- $137.45M
- Circulating supply
- $390.69M