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. Get GALA (GALA) Tokens

   To lend GALA, you need to have it. To get GALA, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	GALA (GALA)	0.02
   Kraken	GALA (GALA)	0.02
   OKX	GALA (GALA)	0.02
   YouHodler	GALA (GALA)	0.02
   Binance	GALA (GALA)	0.02
   BTSE	GALA (GALA)	0.02

   See all 60 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	Loonies	Interest rate
   YouHodler	GALA (GALA)	Up to 12 annual percentage yield
   MEXC Global	GALA (GALA)	Up to 0.88 annual percentage yield
   Blockchain.com	GALA (GALA)	Up to 1 annual percentage yield

   See all 6 lending rates

3. 3. Lend Your GALA

   Once you’ve chosen a platform for lending your GALA, transfer your GALA into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.