How to Earn Synthetix Network (SNX): A Comprehensive Guide for the UK

Introduction

Lending Synthetix Network can be an excellent option for those who wish to hold SNX 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. Obtain Synthetix Network (SNX) Tokens

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

Platform	Coin	Price
Nexo	Synthetix Network (SNX)	0.48
PrimeXBT	Synthetix Network (SNX)	0.48
YouHodler	Synthetix Network (SNX)	0.48
Binance	Synthetix Network (SNX)	0.48
BTSE	Synthetix Network (SNX)	0.48
Coinbase	Synthetix Network (SNX)	0.48

View all 69 prices

2. Choose a Synthetix Network Lender in the UK
Once you have SNX, you'll need to choose a Synthetix Network lending platform to lend your tokens. You can see some options here.
Platform Coin AER
YouHodler Synthetix Network (SNX) Up to 12% AER
Aave Synthetix Network (SNX) Up to 0.23% AER
Bitget Synthetix Network (SNX) Up to 1.5% AER
Blockchain.com Synthetix Network (SNX) Up to 15% AER
View all 11 loan rates
3. Earn Synthetix Network
Once you've selected a platform to earn your Synthetix Network, transfer your Synthetix Network 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. 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.

Platform	Coin	AER
YouHodler	Synthetix Network (SNX)	Up to 12% AER
Aave	Synthetix Network (SNX)	Up to 0.23% AER
Bitget	Synthetix Network (SNX)	Up to 1.5% AER
Blockchain.com	Synthetix Network (SNX)	Up to 15% AER

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.