Introduction
Lending Monsterra can be a great option for those who want to hold MSTR 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 Monsterra (MSTR) tokens
In order to lend Monsterra, you need to have it. To obtain Monsterra, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price MEXC Global Monsterra (MSTR) $0.0149 Bitget Monsterra (MSTR) $0.015 2. Choose a Monsterra lender
Once you have MSTR, you’ll need to choose a Monsterra lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Bitget Monsterra (MSTR) Up to 1% APY 3. Lend your Monsterra
Once you’ve chosen a platform to lending your Monsterra, transfer your Monsterra 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
Monsterra (MSTR) is currently priced at $0.015 with a 24-hour trading volume of $171.44K. In the last 24 hours, Monsterra has experienced a decrease of -0.33%. The market cap of Monsterra stands at 187.26K, with $12.55M MSTR in circulation. For those looking to buy or trade Monsterra, reputable platforms like MEXC Global and Bitget offer avenues to do so securely and efficiently.
- Market cap
- $187.26K
- 24h Volume
- $171.44K
- Circulating supply
- $12.55M