How to Lend Zilliqa (ZIL) in Australia

Introduction

Lending Zilliqa can be a great option for those who want to hold ZIL 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 Zilliqa (ZIL) Tokens

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

   Platform	Coin	Cost
   EarnPark	Zilliqa (ZIL)	0
   YouHodler	Zilliqa (ZIL)	0
   Binance	Zilliqa (ZIL)	0
   OKX	Zilliqa (ZIL)	0.01
   Uphold	Zilliqa (ZIL)	0.01
   Bake	Zilliqa (ZIL)	0

   See all 45 prices

2. 2. Choose a Zilliqa lender

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

   Platform	Coin	Interest rate
   EarnPark	Zilliqa (ZIL)	Up to 10% p.a.
   YouHodler	Zilliqa (ZIL)	Up to 12% p.a.
   Kucoin	Zilliqa (ZIL)	Up to 1% p.a.

   See all 6 lending rates

3. 3. Lend Your Zilliqa

   Once you've chosen a platform to lend your Zilliqa, transfer your Zilliqa 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. 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.

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.