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Introduction

Lending Solana can be an excellent choice for those looking to hold SOL while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Solana (SOL) Tokens

   To lend Solana, you first need to possess it. To acquire Solana, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Solana (SOL)	125.36 APY
   PrimeXBT	Solana (SOL)	125.12 APY
   EarnPark	Solana (SOL)	125.04 APY
   YouHodler	Solana (SOL)	125.17 APY
   Binance	Solana (SOL)	125.17 APY
   BTSE	Solana (SOL)	125.06 APY

   See all 84 prices in Uganda

2. 2. Select a Solana Lender

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

   E-platform	Coin	APY
   Nexo	Solana (SOL)	Up to 8% APY
   EarnPark	Solana (SOL)	Up to 7% APY
   YouHodler	Solana (SOL)	Up to 12% APY
   Bitget	Solana (SOL)	Up to 3.8% APY
   Blockchain.com	Solana (SOL)	Up to 5% APY

   View all 20 APY rates

3. 3. Earn Solana in Uganda's vibrant financial landscape

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

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to Keep in Mind

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 take to secure your cryptocurrency.