Where and How to Lend Balancer (BAL)

Introduction

Lending Balancer can be a great option for those who want to hold BAL 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. Acquire Balancer (BAL) Tokens

   To be able to lend Balancer, you need to have it. To get Balancer, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   M2	Balancer (BAL)	2.48
   Uphold	Balancer (BAL)	2.48
   Kraken	Balancer (BAL)	2.47
   OKX	Balancer (BAL)	2.5
   Binance	Balancer (BAL)	2.48
   BTSE	Balancer (BAL)	2.49

   See all 26 prices

2. 2. Choose a Balancer Lender

   Once you have BAL, you’ll need to choose a Balancer lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Balancer (BAL)	Up to 2 APY
   Aave	Balancer (BAL)	Up to 1.14 APY
   Kucoin	Balancer (BAL)	Up to 0.5 APY
   Gemini	Balancer (BAL)	Up to 0.01 APY

   See all 4 borrowing rates

3. 3. Lend Your Balancer

   Once you’ve chosen a platform to lend your Balancer, transfer your Balancer 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.