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Introduction

Lending Stellar can be an excellent choice for those looking to hold XLM while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. 1. Acquire Stellar (XLM) Tokens

   To lend Stellar, you must first acquire it. To obtain Stellar, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Nexo	Stellar (XLM)	0.23
   PrimeXBT	Stellar (XLM)	0.22
   EarnPark	Stellar (XLM)	0.22
   YouHodler	Stellar (XLM)	0.22
   Binance	Stellar (XLM)	0.22
   Coinbase	Stellar (XLM)	0.22

   See all 70 prices

2. 2. Choose a Stellar Lender

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

   Platform	Coin	Interest rate
   Nexo	Stellar (XLM)	Up to 8% APY
   Nebeus	Stellar (XLM)	Up to 4.5% APY
   EarnPark	Stellar (XLM)	Up to 8% APY
   YouHodler	Stellar (XLM)	Up to 12% APY
   Blockchain.com	Stellar (XLM)	Up to 1% APY

   See all 12 lending rates

3. 3. Earn Stellar

   Once you've selected a platform to earn your Stellar, transfer your Stellar into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

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

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.