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. Acquire GALA (GALA) Tokens

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

   Platform	Coin	Price
   Uphold	GALA (GALA)	0.04
   Kraken	GALA (GALA)	0.04
   OKX	GALA (GALA)	0.04
   YouHodler	GALA (GALA)	0.04
   Binance	GALA (GALA)	0.04
   BTSE	GALA (GALA)	0.04

   See all 31 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 APY
   MEXC Global	GALA (GALA)	Up to 0.88 APY
   Blockchain.com	GALA (GALA)	Up to 1 APY

3. 3. Lend Your GALA

   Once you’ve chosen a platform to lend 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.