Where and How to Earn Synthetix Network (SNX)

简介

Lending Synthetix Network for those who want to hold SNX, but also earn yield, can be a good choice. The steps might be a bit intimidating, especially the first time you try them. Therefore, we've prepared this guide for you.

Step-by-step Guide

1. 1. Obtain Synthetix Network (SNX) Tokens

   To lend Synthetix Network, you need to already own it. To get Synthetix Network, you’ll need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	Synthetix Network (SNX)	0.93
   Uphold	Synthetix Network (SNX)	0.93
   YouHodler	Synthetix Network (SNX)	0.93
   Kraken	Synthetix Network (SNX)	0.93
   OKX	Synthetix Network (SNX)	0.62
   M2	Synthetix Network (SNX)	0.93

   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	Coin	Interest rate
   YouHodler	Synthetix Network (SNX)	Up to 12% APY
   Aave	Synthetix Network (SNX)	Up to 0.23% APY
   Bitget	Synthetix Network (SNX)	Up to 1.5% APY
   Kucoin	Synthetix Network (SNX)	Up to 4% APY

   See all 11 lending rates

3. 3. Earn Synthetix Network

   After selecting a platform for earning your Synthetix Network, transfer your Synthetix Network to your wallet on the earning platform. Once deposited, it begins to earn interest. Some platforms provide interest payouts daily, while others do so weekly or monthly.

4. 4. Earn收益

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximize your returns.

Things to Note

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.