How to Lend SKALE (SKL): A Step-by-Step Guide

Introduction

Lending SKALE can be a great option for those who want to hold SKL but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain SKALE (SKL) Tokens
In order to lend SKALE, you need to have it. To obtain SKALE, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance SKALE (SKL) 0,01
BTSE SKALE (SKL) 0,01
Coinbase SKALE (SKL) 0,01
OKX SKALE (SKL) 0,03
Uphold SKALE (SKL) 0,02
Azbit SKALE (SKL) 0,01
See all 50 prices
2. Choose a SKALE Lender
Once you have SKL, you’ll need to choose a SKALE lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Bitget SKALE (SKL) Up to 1% APY
Gemini SKALE (SKL) Up to 0,01% APY
Kucoin SKALE (SKL) Up to 0,5% APY
See all 5 lending rates
3. Lend Your SKALE
Once you’ve chosen a platform to lending your SKALE, transfer your SKALE into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Binance	SKALE (SKL)	0,01
BTSE	SKALE (SKL)	0,01
Coinbase	SKALE (SKL)	0,01
OKX	SKALE (SKL)	0,03
Uphold	SKALE (SKL)	0,02
Azbit	SKALE (SKL)	0,01

Platform	Coin	Interest rate
Bitget	SKALE (SKL)	Up to 1% APY
Gemini	SKALE (SKL)	Up to 0,01% APY
Kucoin	SKALE (SKL)	Up to 0,5% APY

What to be Aware of

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.