Where and How to Lend GALA (GALA)

Introduction

Lending GALA can be a great option for those who want to hold GALA 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 GALA (GALA) Tokens

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

   Platform	Coin	Price
   Uphold	GALA (GALA)	0.04
   Kraken	GALA (GALA)	0.04
   OKX	GALA (GALA)	0.04
   YouHodler	GALA (GALA)	0.04
   Binance	GALA (GALA)	0.04
   BTSE	GALA (GALA)	0.04

   See all 31 prices

2. 2. Choose a GALA Lender

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

   Platform	Coin	Interest rate
   YouHodler	GALA (GALA)	Up to 12 AER
   MEXC Global	GALA (GALA)	Up to 0.88 AER
   Blockchain.com	GALA (GALA)	Up to 1 AER

3. 3. Lend Your GALA

   Once you’ve chosen a platform to lend your GALA, transfer your GALA 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.