Where and How to Lend SKALE (SKL)

Introduction

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

   To lend SKALE, you need to have it. To obtain SKALE, you’ll need to buy it. You can choose 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
   Bitget	SKALE (SKL)	0.02

   See all 47 prices

2. 2. Select a SKALE Lender

   Once you have SKL, you’ll need to choose a SKALE lending platform to lend your tokens. You can see 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. Lend Your SKALE

   After you have selected a platform for lending your SKALE, transfer your SKALE 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.