Where and How to Lend Gala (GALA)

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 Guide

1. 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.

   Platform	Coin	Price
   Nexo	Gala (GALA)	0.02
   Bitpanda	Gala (GALA)	0.02
   Uphold	Gala (GALA)	0.02
   Kraken	Gala (GALA)	0.02
   OKX	Gala (GALA)	0.02
   YouHodler	Gala (GALA)	0.02

   See all 21 prices

2. 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.

   Platform	Coin	Interest rate
   YouHodler	Gala (GALA)	Up to 12.00 APY
   MEXC Global	Gala (GALA)	Up to 0.88 APY
   Blockchain.com	Gala (GALA)	Up to 1.00 APY

   See all 4 lending rates

3. 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. 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.