Where and How to Lend Solana (SOL)

Introduction

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

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

   Platform	Coin	Price
   Nexo	Solana (SOL)	133.88
   PrimeXBT	Solana (SOL)	133.34
   Uphold	Solana (SOL)	131.39
   EarnPark	Solana (SOL)	133.68
   YouHodler	Solana (SOL)	133.37
   Kraken	Solana (SOL)	133.34

   See all 84 prices

2. 2. Choose a Solana Lender

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

   Platform	Coin	Interest rate
   Nexo	Solana (SOL)	Up to 8 AER
   YouHodler	Solana (SOL)	Up to 12 AER
   EarnPark	Solana (SOL)	Up to 7 AER
   Bitget	Solana (SOL)	Up to 3.8 AER
   Blockchain.com	Solana (SOL)	Up to 6 AER

   See all 20 lending rates

3. 3. Lend Your Solana

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