Where & how to lend HMSTR (HMSTR)

Introduction

Lending HMSTR can be a great option for those who want to hold HMSTR 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. 1. Obtain HMSTR (HMSTR) tokens

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

   Platform	Coin	Price
   OKX	HMSTR (HMSTR)	$0.0029
   Binance	HMSTR (HMSTR)	$0.0029
   BTSE	HMSTR (HMSTR)	$0.0029
   BingX	HMSTR (HMSTR)	$0.0028
   Bitmart	HMSTR (HMSTR)	$0.0028
   MEXC Global	HMSTR (HMSTR)	$0.0029

   See all 11 prices

2. 2. Choose a HMSTR lender

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

   Platform	Coin	Interest rate
   Kucoin	HMSTR (HMSTR)	Up to 0.0494% APY

3. 3. Lend your HMSTR

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