Earn up to
12% APY
An in-depth guide on how to earn Synthetix Network (SNX)
We have a lot of data on earning Synthetix Network (SNX) and we share some of this with you.
We show you some earning options with other coins that could be of interest.
Synthetix Network (SNX) is currently priced at US$0.23 with a 24-hour trading volume of US$38.11M. The market cap of Synthetix Network stands at US$614.86M, with 339.47M SNX in circulation. For those looking to buy or trade Synthetix Network, YouHodler offers avenues to do so securely and efficiently}
Lending Synthetix Network can be a great option for those who want to hold SNX but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
In order to lend Synthetix Network, you need to have it. To obtain Synthetix Network, you'll need to purchase it. You can choose from these popular exchanges.
Once you have SNX, you'll need to choose a Synthetix Network lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Synthetix Network (SNX) | Up to 12% APY |
| Aave | Synthetix Network (SNX) | Up to 0.23% APY |
| Bitget | Synthetix Network (SNX) | Up to 1.5% APY |
| Blockchain.com | Synthetix Network (SNX) | Up to 15% APY |
Once you've chosen a platform to earning your Synthetix Network, transfer your Synthetix Network into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
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