Where and How to Lend Solar (SXP)

Introduction

Lending Solar can be a great option for those who want to hold SXP 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 Solar (SXP) Tokens

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

   Platform	Coin	Price
   Binance	Solar (SXP)	0.18
   Bake	Solar (SXP)	0.18
   BingX	Solar (SXP)	0.18
   Bitget	Solar (SXP)	0.18
   Bitmart	Solar (SXP)	0.18
   Bitpanda	Solar (SXP)	0.39

   See all 26 prices

2. 2. Choose a Solar Lender

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

   Platform	Coin	Interest rate
   Kucoin	Solar (SXP)	Up to 0.5% APY

3. 3. Lend Your Solar

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