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Introduction

Lending Solana can be an excellent option for those who wish to hold SOL while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Solana (SOL) Tokens

   To lend Solana, you need to possess it. To obtain Solana, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	Solana (SOL)	124.15
   PrimeXBT	Solana (SOL)	123.79
   EarnPark	Solana (SOL)	123.65
   YouHodler	Solana (SOL)	123.86
   Binance	Solana (SOL)	123.85
   BTSE	Solana (SOL)	123.72

   View all 84 prices

2. 2. Choose a Solana Lender in the UK

   Once you have SOL, you'll need to choose a Solana lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nexo	Solana (SOL)	Up to 8% AER
   EarnPark	Solana (SOL)	Up to 7% AER
   YouHodler	Solana (SOL)	Up to 12% AER
   Bitget	Solana (SOL)	Up to 3.8% AER
   Blockchain.com	Solana (SOL)	Up to 5% AER

   View all 20 loan rates

3. 3. Earn Solana

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

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

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