Introduction
Lending Kusama can be a great option for those who want to hold KSM but earn yield. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step guide
1. Obtain Kusama (KSM) Tokens
To lend Kusama, you need to have it. To get Kusama, you’ll need to buy it. You can pick from these popular exchanges.
See all 48 pricesPlatform Coin Price Nexo Kusama (KSM) 14,81 Uphold Kusama (KSM) 16,79 Kraken Kusama (KSM) 14,74 OKX Kusama (KSM) 18,08 Binance Kusama (KSM) 14,77 BTSE Kusama (KSM) 14,75 2. Choose a Kusama Lender
Once you have KSM, you’ll need to choose a Kusama lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate Nexo Kusama (KSM) Up to 12% APY Bitget Kusama (KSM) Up to 6% APY Kucoin Kusama (KSM) Up to 6% APY 3. Lend Your Kusama
Once you’ve chosen a platform to lend your Kusama, transfer your Kusama into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 compound 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
Kusama (KSM) is presently priced at US$12 with a 24-hour trading volume of US$19,06M. The market cap of Kusama stands at US$484,59M, with 15,96M KSM in circulation. For those interested in buying or trading Kusama, Nexo offers ways to do so safely and efficiently
- Market cap
- US$484,59M
- 24h trading volume
- US$19,06M
- Circulating supply
- 15,96M KSM