Introduction
Lending GHO can be an excellent option for those who wish to hold GHO while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain GHO (GHO) Tokens
To lend GHO, you need to possess it. To obtain GHO, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a GHO Lender in the UK
Once you have GHO, you'll need to choose a GHO lending platform to lend your tokens. You can see some options here.
3. Lend Your GHO
Once you've chosen a platform to lend your GHO, transfer your GHO into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
GHO (GHO) is currently priced at US$8.68 with a 24-hour trading volume of US$6.76M. The market cap of GHO stands at US$148.56M, with 148.61M GHO in circulation. For those looking to purchase or trade GHO, Aave offers avenues to do so securely and efficiently
- Market capitalisation
- US$148.56M
- 24-hour volume
- US$6.76M
- Circulating supply
- 148.61M GHO
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