How to Lend Smell (SML) in Australia: A Step-by-Step Guide

Introduction

Lending Smell can be a great option for those who want to hold SML 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 Smell (SML) Tokens
To lend Smell, you need to possess it. To acquire Smell, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Bitget Smell (SML) 0.000298
MEXC Global Smell (SML) 0.0003469
See all 4 prices
2. Choose a Smell lender
Once you have SML, you'll need to choose a Smell lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Bitget Smell (SML) Up to 1% p.a.
3. Lend Your Smell
Once you've chosen a platform to lend your Smell, transfer your Smell into your wallet on the lending 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 lending platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Bitget	Smell (SML)	0.000298
MEXC Global	Smell (SML)	0.0003469

Platform	Coin	Interest rate
Bitget	Smell (SML)	Up to 1% 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.