Introduction

Lending Smell can be an excellent choice for those looking to hold SML while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Smell (SML) Tokens

   To lend Smell, you must first possess it. To acquire Smell, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Bitget	Smell (SML)	0,000298 APY
   MEXC Global	Smell (SML)	0,0003469 APY

   Check out all 4 prices

2. 2. Select a Smell Lender in Italy

   Once you have SML, you'll need to select a Smell lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Bitget	Smell (SML)	Up to 1% APY

3. 3. Lend Your Smell in Italy

   Once you've selected a platform to lend your Smell, transfer your Smell into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks