Is it possible to lend out my KCS tokens and earn interest from it like other DeFi projects offer today?
Yes, it is possible to lend out your KCS tokens and earn interest from it.
KuCoin has partnered with a number of DeFi projects to offer lending services for KCS tokens. These services allow users to lend out their KCS tokens and earn interest in return. The interest rate varies depending on the project and the amount of KCS tokens being lent out.
For example, users can currently earn up to 10% APY on their KCS tokens when they lend them out through the Compound protocol. Additionally, KuCoin has also launched its own lending platform called KuCoin Lending which allows users to earn up to 12% APY on their KCS tokens.
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