How to Lend Balancer (BAL) in the UK

Introduction

Lending Balancer can be an excellent option for those who wish to hold BAL 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 Balancer (BAL) Tokens

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

   Platform	Coin	Price
   Binance	Balancer (BAL)	0.97
   BTSE	Balancer (BAL)	1.38
   Coinbase	Balancer (BAL)	1.38
   Kraken	Balancer (BAL)	1.38
   OKX	Balancer (BAL)	1.54
   Uphold	Balancer (BAL)	1.09

   View all 49 prices

2. 2. Choose a Balancer Lender in the UK

   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	AER
   Aave	Balancer (BAL)	Up to 1.14% AER
   Bitget	Balancer (BAL)	Up to 2% AER
   Gemini	Balancer (BAL)	Up to 0.01% AER
   Kucoin	Balancer (BAL)	Up to 0.5% AER

   View all 7 loan 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 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.