How to Earn Balancer (BAL): A Comprehensive Guide for Australians

Introduction

Lending Balancer can be a great option for those who want to hold BAL while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Balancer (BAL) tokens
To lend Balancer, you need to possess it. To acquire Balancer, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Balancer (BAL) 0.97
BTSE Balancer (BAL) 0.61
Coinbase Balancer (BAL) 0.62
Kraken Balancer (BAL) 0.62
OKX Balancer (BAL) 1.54
Uphold Balancer (BAL) 1.09
See all 49 prices
2. Choose a Balancer lender
Once you have BAL, you'll need to choose a Balancer lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Balancer (BAL) Up to 1.14% p.a.
Bitget Balancer (BAL) Up to 2% p.a.
Gemini Balancer (BAL) Up to 0.01% p.a.
Kucoin Balancer (BAL) Up to 0.5% p.a.
See all 7 lending rates
3. Earn Balancer
Once you've chosen a platform to earn your Balancer, transfer your Balancer into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Binance	Balancer (BAL)	0.97
BTSE	Balancer (BAL)	0.61
Coinbase	Balancer (BAL)	0.62
Kraken	Balancer (BAL)	0.62
OKX	Balancer (BAL)	1.54
Uphold	Balancer (BAL)	1.09

Platform	Coin	Interest rate
Aave	Balancer (BAL)	Up to 1.14% p.a.
Bitget	Balancer (BAL)	Up to 2% p.a.
Gemini	Balancer (BAL)	Up to 0.01% p.a.
Kucoin	Balancer (BAL)	Up to 0.5% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.