Where and How to Lend aelf (ELF)

Introduction

Lending aelf can be a great option for those who want to hold ELF 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.

Step-by-Step Guide

1. 1. Obtain aelf (ELF) Tokens

   In order to lend aelf, you need to have it. To obtain aelf, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	aelf (ELF)	0.43
   OKX	aelf (ELF)	0.43
   Binance	aelf (ELF)	0.41
   Bitmart	aelf (ELF)	0.41
   BingX	aelf (ELF)	0.43
   Bitget	aelf (ELF)	0.43

   See all 11 prices

2. 2. Choose a aelf Lender

   Once you have ELF, you’ll need to choose a aelf lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   OKX	aelf (ELF)	Up to 1 APY

3. 3. Lend Your aelf

   Once you’ve chosen a platform to lending your aelf, transfer your aelf into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   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 lending platform pays compounding interest to maximise your returns.

What to be Aware of

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.