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Introduction

Lending Sky is an excellent choice for those looking to hold SKY while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Sky (SKY) Tokens

   To lend Sky, you must first possess it. To acquire Sky, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Sky (SKY)	0.07
   PrimeXBT	Sky (SKY)	0.07
   YouHodler	Sky (SKY)	0.07
   Binance	Sky (SKY)	0.07
   Coinbase	Sky (SKY)	0.07
   Kraken	Sky (SKY)	0.07

   View all 24 prices

2. 2. Select a Sky Lender

   Once you have SKY, you'll need to select a Sky lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Sky (SKY)	Earn up to 12% APY
   Compound	Sky (SKY)	Earn up to 1.98% APY

3. 3. Earn Sky

   After selecting a platform to earn your Sky, transfer your Sky to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.