Introduction

Lending Smell can be an excellent choice for those looking to hold SML while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Smell (SML) Tokens

   To lend Smell, you first need to possess it. To acquire Smell, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Bitget	Smell (SML)	0,000298 APY
   MEXC Global	Smell (SML)	0,0003469 APY

   View all 4 prices

2. 2. Select a Smell provider

   Once you have SML, you'll need to select a Smell lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   Bitget	Smell (SML)	Up to 1 % APY

3. 3. Earn Smell in Germany's evolving financial landscape

   Once you've selected a platform to earn your Smell, transfer your Smell into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Make sure your earning platform pays compound interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.