Where and How to Earn Synthetix Network (SNX)

Introduction

Lending Synthetix Network can be a great option for those who want to hold SNX 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 Synthetix Network (SNX) Tokens

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

   Platform	Coin	Price
   Nexo	Synthetix Network (SNX)	0.88
   Uphold	Synthetix Network (SNX)	0.88
   YouHodler	Synthetix Network (SNX)	0.88
   Kraken	Synthetix Network (SNX)	0.89
   OKX	Synthetix Network (SNX)	0.62
   M2	Synthetix Network (SNX)	0.88

   See all 68 prices

2. 2. Choose a Synthetix Network Lender

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

   Platform	Coin	Interest rate
   YouHodler	Synthetix Network (SNX)	Up to 12% APY
   Aave	Synthetix Network (SNX)	Up to 0.23% APY
   Bitget	Synthetix Network (SNX)	Up to 1.5% APY
   Kucoin	Synthetix Network (SNX)	Up to 3.34% APY

   See all 11 lending rates

3. 3. Earn Synthetix Network

   Once you've selected a platform to earn your Synthetix Network, transfer your Synthetix Network 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.