Introduction
Lending LooksRare can be a great option for those who want to hold LOOKS 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 Guide
1. Acquire LooksRare (LOOKS) Tokens
To be able to lend LooksRare, you need to have it. To get LooksRare, you’ll have to buy it. You can pick from these popular exchanges.
See all 23 pricesPlatform Coin Price OKX LooksRare (LOOKS) 0.02 Bitget LooksRare (LOOKS) 0.02 MEXC Global LooksRare (LOOKS) 0.02 Kucoin LooksRare (LOOKS) 0.02 Gate.io LooksRare (LOOKS) 0.02 Bitmart LooksRare (LOOKS) 0.02 2. Choose a LooksRare Lender
Once you have LOOKS, you’ll need to choose a LooksRare lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin LooksRare (LOOKS) Up to 0.34% APY 3. Lend Your LooksRare
Once you’ve chosen a platform to lend your LooksRare, transfer your LooksRare 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
LooksRare (LOOKS) is currently priced at USD 0.34 with a 24-hour trading volume of USD 4.17M. The market cap of LooksRare stands at USD 49.41M, with 993.65M LOOKS in circulation. For those looking to buy or trade LooksRare, Kucoin offers avenues to do so securely and efficiently
- Market cap
- USD 49.41M
- 24h volume
- USD 4.17M
- Circulating supply
- 993.65M LOOKS