Where and How to Lend GALA (GALA)

Introduction

Lending GALA can be a great option for those who wish to hold GALA but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire GALA (GALA) Tokens

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

   Platform	Coin	Price
   Bitpanda	GALA (GALA)	0.03
   Uphold	GALA (GALA)	0.03
   Kraken	GALA (GALA)	0.03
   OKX	GALA (GALA)	0.03
   YouHodler	GALA (GALA)	0.03

   See all 24 prices

2. 2. Select 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 12.00 APY
   MEXC Global	GALA (GALA)	Up to 0.88 APY
   OKX	GALA (GALA)	Up to 1.00 APY

   See all 4 lending rates

3. 3. Lend Your GALA

   After you have selected a platform for lending your GALA, transfer your GALA into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.