Cómo prestar Balancer (BAL)

Introduction

Lending Balancer can be an excellent choice for those looking to hold BAL while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Balancer (BAL) Tokens

   To lend Balancer, you first need to possess it. To acquire Balancer, you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   Binance	Balancer (BAL)	0,97 APY
   BTSE	Balancer (BAL)	0,61 APY
   Coinbase	Balancer (BAL)	0,62 APY
   Kraken	Balancer (BAL)	0,63 APY
   OKX	Balancer (BAL)	1,54 APY
   Uphold	Balancer (BAL)	1,09 APY

   Consulta todos los 49 precios

2. 2. Select a Balancer Lender

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

   Plataforma	Cripto	APY
   Aave	Balancer (BAL)	Hasta 1,14% APY
   Bitget	Balancer (BAL)	Hasta 2% APY
   Gemini	Balancer (BAL)	Hasta 0,01% APY
   Kucoin	Balancer (BAL)	Hasta 0,5% APY

   Lending APY

3. 3. Lend Your Balancer

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

4. 4. Generate Earnings

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky