Where and How to Lend Synthetix Network (SNX)

Introduction

Lending Synthetix Network can be a great option for those who want to hold SNX 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 Synthetix Network (SNX) Tokens

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

   Platform	Loonies	Price
   Nexo	Synthetix Network (SNX)	0.74
   Uphold	Synthetix Network (SNX)	0.74
   YouHodler	Synthetix Network (SNX)	0.74
   Kraken	Synthetix Network (SNX)	0.74
   OKX	Synthetix Network (SNX)	0.62
   M2	Synthetix Network (SNX)	0.74

   See all 68 prices

2. 2. Choose a Synthetix Network Lender

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

   Platform	Loonies	Interest rate
   YouHodler	Synthetix Network (SNX)	Up to 12 annual percentage yield
   Aave	Synthetix Network (SNX)	Up to 0.23 annual percentage yield
   Bitget	Synthetix Network (SNX)	Up to 1.5 annual percentage yield
   Blockchain.com	Synthetix Network (SNX)	Up to 1 annual percentage yield

   See all 11 lending rates

3. 3. Lend Your Synthetix Network

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