Introduction
Lending Gala can be a great option for those who want to hold GALA 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 Gala (GALA) tokens
In order to lend Gala, you need to have it. To obtain Gala, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Gala lender
Once you have GALA, you’ll need to choose a Gala lending platform to lend your tokens. You can see some options here.
- 3
Lend your Gala
Once you’ve chosen a platform to lending your Gala, transfer your Gala 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
Gala (GALA) is currently priced at $0.043, with a 24-hour trading volume of $105.09M. In the last 24 hours, Gala has experienced a decrease to -5.41. The market cap of Gala stands at $1.39B, with 30.35B in circulation. For those looking to buy or trade Gala, reputable platforms like OKX, Binance, Coinbase, BTSE, Kraken and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $1.39B
- Volume
- $105.09M
- Circulating supply
- $30.35B
