How to Lend Rally (RLY)

Introduction

Lending Rally can be an excellent choice for those looking to hold RLY 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 Rally (RLY) Tokens

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

   E-platform	Coin	Cost
   Coinbase	Rally (RLY)	0 APY
   BingX	Rally (RLY)	0 APY
   Bitfinex	Rally (RLY)	0 APY
   Bitstamp	Rally (RLY)	0 APY
   Gate.io	Rally (RLY)	0.0002198 APY

   See all 11 prices in Uganda

2. 2. Select a Rally Lender

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

   E-platform	Coin	APY
   Gemini	Rally (RLY)	Up to 0.01% APY

3. 3. Lend Your Rally

   Once you've selected a platform to lend your Rally, transfer your Rally into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest 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 higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

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.