Introduction
Lending Lisk can be a great option for those who want to hold LSK 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 Lisk (LSK) tokens
In order to lend Lisk, you need to have it. To obtain Lisk, you’ll need to purchase it. You can choose from these popular exchanges.
See all 10 pricesPlatform Coin Price Bitpanda Lisk (LSK) $0.766 Uphold Lisk (LSK) $0.8748 Kraken Lisk (LSK) $0.7671 OKX Lisk (LSK) $0.7682 Binance Lisk (LSK) $0.764 Bitmart Lisk (LSK) $1.26 2. Choose a Lisk lender
Once you have LSK, you’ll need to choose a Lisk lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate OKX Lisk (LSK) Up to 1% APY Kucoin Lisk (LSK) Up to 0.5% APY 3. Lend your Lisk
Once you’ve chosen a platform to lending your Lisk, transfer your Lisk 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
Lisk (LSK) is currently priced at $0.764 with a 24-hour trading volume of $3.70M. In the last 24 hours, Lisk has experienced a decrease of -1.8%. The market cap of Lisk stands at 123.57M, with $159.81M LSK in circulation. For those looking to buy or trade Lisk, reputable platforms like Bitpanda, Kraken and OKX offer avenues to do so securely and efficiently.
- Market cap
- $123.57M
- 24h Volume
- $3.70M
- Circulating supply
- $159.81M