Where and How to Lend Balancer (BAL)

Introduction

Lending Balancer can be a great option for those who want to hold BAL 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. 1. Obtain Balancer (BAL) Tokens

   To lend Balancer, you need to have it. To acquire Balancer, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Balancer (BAL)	0.93
   Kraken	Balancer (BAL)	0.93
   OKX	Balancer (BAL)	1.54
   M2	Balancer (BAL)	0.89
   Binance	Balancer (BAL)	0.97
   BTSE	Balancer (BAL)	0.94

   See all 49 prices

2. 2. Choose a Balancer Lender

   Once you have BAL, you’ll need to choose a Balancer lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Balancer (BAL)	Up to 1.14 AER
   Bitget	Balancer (BAL)	Up to 2 AER
   Kucoin	Balancer (BAL)	Up to 0.5 AER

   See all 7 lending rates

3. 3. Lend Your Balancer

   Once you’ve chosen a platform to lend your Balancer, transfer your Balancer into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Ensure 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.