Where and How to Earn Synthetix Network (SNX)

Introduction

Lending Synthetix Network can be an excellent choice for individuals looking to hold SNX while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Synthetix Network (SNX) Tokens

   To lend Synthetix Network, you must first possess it. To acquire Synthetix Network, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   平台	Coin	Price
   Nexo	Synthetix Network (SNX)	0.62 APY
   YouHodler	Synthetix Network (SNX)	0.62 APY
   Binance	Synthetix Network (SNX)	0.62 APY
   BTSE	Synthetix Network (SNX)	0.62 APY
   Coinbase	Synthetix Network (SNX)	0.62 APY
   Kraken	Synthetix Network (SNX)	0.62 APY

   View all 68 prices

2. 2. Select a Synthetix Network lending platform

   Once you have SNX, you'll need to select a Synthetix Network lending platform to lend your tokens. You can explore several options available in the market here.

   平台	Coin	APY
   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
   Blockchain.com	Synthetix Network (SNX)	Up to 1% APY

   View all 11 loan interest rates

3. 3. Earn Synthetix Network

   Once you've selected a platform to earn your Synthetix Network, transfer your Synthetix Network into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks