Introduction
Lending ZKsync can be an excellent choice for those looking to hold ZK while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide for Ugandan Investors
1. Acquire ZKsync (ZK) Tokens
To lend ZKsync, you first need to possess it. To acquire ZKsync, you will have to buy it. You can select from these popular exchanges available in Uganda.
See all 41 prices in UgandaE-platform Coin Cost BTSE ZKsync (ZK) 0.05 APY Coinbase ZKsync (ZK) 0.05 APY Kraken ZKsync (ZK) 0.05 APY OKX ZKsync (ZK) 0.06 APY Bake ZKsync (ZK) 0.05 APY BingX ZKsync (ZK) 0.05 APY 2. Select a ZKsync Lender
Once you have ZK, you'll need to select a ZKsync lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY Kucoin ZKsync (ZK) Up to 0.5% APY 3. Lend Your ZKsync
Once you've selected a platform to lend your ZKsync, transfer your ZKsync into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Grow Your Savings
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.
What to Keep in Mind
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in Uganda's Financial Landscape
ZKsync (ZK) is currently priced at US$0.5 with a 24-hour trading volume of US$115.87M. The market cap of ZKsync stands at US$657.31M, with 3.68B ZK in circulation. For those looking to buy or trade ZKsync, Kucoin offers avenues to do so securely and efficiently
- Market capitalization
- US$657.31M
- 24-hour trading volume
- US$115.87M
- Available supply
- 3.68B ZK