Latest Movements in the UK
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- Market capitalisation
- US$614.86M
- 24-hour volume
- US$38.11M
- Circulating supply
- 339.47M SNX
Earn up to
12% AER
A comprehensive guide on how to earn Synthetix Network (SNX) in the UK
We have extensive data on earning Synthetix Network (SNX) and we are pleased to share some of this with you.
We present you with various earning options using other cryptocurrencies that may pique your interest.
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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.
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.
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 |
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.
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.
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.