Introduction
Lending Solar can be a great option for those who want to hold SXP 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 Solar (SXP) Tokens
To lend Solar, you need to have it. To get Solar, you’ll need to buy it. You can pick from these popular exchanges.
See all 26 pricesPlatform Coin Price Binance Solar (SXP) 0,18 Bake Solar (SXP) 0,18 BingX Solar (SXP) 0,18 Bitget Solar (SXP) 0,18 Bitmart Solar (SXP) 0,18 Bitpanda Solar (SXP) 0,39 2. Choose a Solar Lender
Once you have SXP, you’ll need to choose a Solar lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Solar (SXP) Up to 0,5% APY 3. Lend Your Solar
Once you’ve chosen a platform to lend your Solar, transfer your Solar 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
Solar (SXP) is presently priced at US$0,5 with a 24-hour trading volume of US$20,4M. The market cap of Solar stands at US$213,94M, with 628,9M SXP in circulation. For those interested in buying or trading Solar, Kucoin offers ways to do so safely and efficiently
- Market cap
- US$213,94M
- 24h trading volume
- US$20,4M
- Circulating supply
- 628,9M SXP