How to Lend Zilliqa (ZIL): A Step-by-Step Guide for UAE Investors

Introduction

Lending Zilliqa can be an excellent choice for those looking to hold ZIL while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. Acquire Zilliqa (ZIL) Tokens
To lend Zilliqa, you must first acquire it. To obtain Zilliqa, you will need to purchase it. You can select from these well-known exchanges available in the UAE.
Platform Cryptocurrency Price
EarnPark Zilliqa (ZIL) 0
YouHodler Zilliqa (ZIL) 0
Binance Zilliqa (ZIL) 0
OKX Zilliqa (ZIL) 0.01
Uphold Zilliqa (ZIL) 0.01
Bake Zilliqa (ZIL) 0
View all 45 prices
2. Select a Zilliqa provider in the UAE
Once you have ZIL, you'll need to select a Zilliqa lending platform to lend your tokens. You can explore some options available in the UAE market here.
Platform Cryptocurrency APY
EarnPark Zilliqa (ZIL) Up to 10% APY
YouHodler Zilliqa (ZIL) Up to 12% APY
Kucoin Zilliqa (ZIL) Up to 1% APY
View all 6 financing rates
3. Lend Your Zilliqa in the UAE
Once you've selected a platform to lend your Zilliqa, transfer your Zilliqa into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms offer interest payments daily, while others may do so weekly or monthly.
4. Earn APY on Your Investments
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 maximize your earnings.

Platform	Cryptocurrency	Price
EarnPark	Zilliqa (ZIL)	0
YouHodler	Zilliqa (ZIL)	0
Binance	Zilliqa (ZIL)	0
OKX	Zilliqa (ZIL)	0.01
Uphold	Zilliqa (ZIL)	0.01
Bake	Zilliqa (ZIL)	0

Platform	Cryptocurrency	APY
EarnPark	Zilliqa (ZIL)	Up to 10% APY
YouHodler	Zilliqa (ZIL)	Up to 12% APY
Kucoin	Zilliqa (ZIL)	Up to 1% APY

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.