Where and How to Lend Solana (SOL)

Introduction

Lending Solana can be a great option for those who want to hold SOL 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 Solana (SOL) Tokens

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

   Platform	Loonies	Price
   Nexo	Solana (SOL)	128.33
   PrimeXBT	Solana (SOL)	128.22
   Uphold	Solana (SOL)	128.12
   EarnPark	Solana (SOL)	127.78
   Kraken	Solana (SOL)	128.32
   OKX	Solana (SOL)	128.26

   See all 84 prices

2. 2. Choose a Solana Lender

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

   Platform	Loonies	Interest rate
   Nexo	Solana (SOL)	Up to 8 annual percentage yield
   YouHodler	Solana (SOL)	Up to 12 annual percentage yield
   EarnPark	Solana (SOL)	Up to 7 annual percentage yield
   Bitget	Solana (SOL)	Up to 3.8 annual percentage yield
   Kucoin	Solana (SOL)	Up to 20 annual percentage yield

   See all 20 lending rates

3. 3. Lend Your Solana

   Once you’ve chosen a platform for lending your Solana, transfer your Solana 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.