How to Lend Rally (RLY) in the cryptocurrency market

Introduction

Lending Rally can be an excellent choice for individuals looking to hold RLY 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 Rally (RLY) Tokens

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

   Platform	Coin	Price
   Coinbase	Rally (RLY)	0 APY
   BingX	Rally (RLY)	0 APY
   Bitfinex	Rally (RLY)	0 APY
   Bitstamp	Rally (RLY)	0 APY
   Gate.io	Rally (RLY)	0.0002198 APY

   View all 11 prices

2. 2. Select a Rally lending platform

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

   Platform	Coin	APY
   Gemini	Rally (RLY)	Up to 0.01% APY

3. 3. Lend Your Rally for attractive APY returns

   After selecting a platform to lend your Rally, transfer your Rally into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks