Where and How to Lend Solana (SOL)

Introduction

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

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

   Platform	Coin	Price
   Nexo	Solana (SOL)	210.13
   Bitpanda	Solana (SOL)	239.97
   Uphold	Solana (SOL)	219.13
   EarnPark	Solana (SOL)	241.57
   Klink	Solana (SOL)	240.57
   PrimeXBT	Solana (SOL)	240.00

   See all 30 prices

2. 2. Select 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 8.00 APY
   YouHodler	Solana (SOL)	Up to 12.00 APY
   EarnPark	Solana (SOL)	Up to 8.00 APY
   Wirex	Solana (SOL)	Up to 5.50 APY
   Bitget	Solana (SOL)	Up to 3.80 APY

   See all 15 lending rates

3. 3. Lend Your Solana

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