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Introduction

Lending Solana is an excellent choice for those looking to hold SOL 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 Solana (SOL) Tokens

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

   Platform	Coin	Cost
   Nexo	Solana (SOL)	126.83
   PrimeXBT	Solana (SOL)	126.77
   EarnPark	Solana (SOL)	125.82
   YouHodler	Solana (SOL)	126.9
   Binance	Solana (SOL)	126.87
   BTSE	Solana (SOL)	126.91

   View all 84 prices

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 find some options here.

   Platform	Coin	Interest rate
   Nexo	Solana (SOL)	Earn up to 8% APY
   EarnPark	Solana (SOL)	Earn up to 7% APY
   YouHodler	Solana (SOL)	Earn up to 12% APY
   Bitget	Solana (SOL)	Earn up to 3.8% APY
   Blockchain.com	Solana (SOL)	Earn up to 5% APY

   View all 20 loan rates

3. 3. Earn Solana

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