missing en-au translation: how-to.verb.earn.hero.heading

Introduction

Lending Flare can be a great option for those who want to hold FLR 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. 1. Obtain Flare (FLR) tokens

   To lend Flare, you need to possess it. To acquire Flare, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   YouHodler	Flare (FLR)	0.01
   Coinbase	Flare (FLR)	0.01
   Kraken	Flare (FLR)	0.01
   OKX	Flare (FLR)	0.02
   Uphold	Flare (FLR)	0.02
   BingX	Flare (FLR)	0.01

   See all 42 prices

2. 2. Choose a Flare lender

   Once you have FLR, you'll need to choose a Flare lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Flare (FLR)	Up to 0.5% p.a.

3. 3. Earn Flare

   Once you've chosen a platform to earn your Flare, transfer your Flare 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. 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.

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.