Introduction

Lending Smell is an excellent choice for those looking to hold SML 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 Smell (SML) Tokens

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

   Platform	Coin	Cost
   Bitget	Smell (SML)	0.000298
   MEXC Global	Smell (SML)	0.0002085

   View all 4 prices

2. 2. Select a Smell Lender

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

   Platform	Coin	Interest rate
   Bitget	Smell (SML)	Earn up to 1% APY

3. 3. Earn Smell

   After selecting a platform to earn your Smell, transfer your Smell 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.