Where and How to Earn SKALE (SKL)

Introduction

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

   To lend SKALE, you need to have it. To get SKALE, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Uphold	SKALE (SKL)	0.02
   OKX	SKALE (SKL)	0.03
   Binance	SKALE (SKL)	0.02
   BTSE	SKALE (SKL)	0.02
   Coinbase	SKALE (SKL)	0.02
   MEXC Global	SKALE (SKL)	0.02

   See all 48 prices

2. 2. Choose a SKALE Lender

   Once you have SKL, you'll need to select a SKALE lending platform to lend your tokens. You can check some options here.

   Platform	Coin	Interest rate
   Bitget	SKALE (SKL)	Up to 1% APY
   Kucoin	SKALE (SKL)	Up to 0.5% APY
   Gemini	SKALE (SKL)	Up to 0.01% APY

   See all 5 lending rates

3. 3. Earn SKALE

   Once you've selected a platform to earn your SKALE, transfer your SKALE into your wallet on the earning platform. Once it's deposited, it will begin earning interest. Some platforms pay interest daily, while others offer it weekly or monthly.

4. 4. Earn Interest

   Now, you just need to relax while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximise your returns.

What to Keep in Mind

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.