How to Lend Balancer (BAL)

Introduction

Lending Balancer can be an excellent choice for those looking to hold BAL while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Balancer (BAL) Tokens

   To lend Balancer, you first need to possess it. To acquire Balancer, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Binance	Balancer (BAL)	0,97
   BTSE	Balancer (BAL)	1,33
   Coinbase	Balancer (BAL)	1,33
   Kraken	Balancer (BAL)	1,35
   OKX	Balancer (BAL)	1,54
   Uphold	Balancer (BAL)	1,09

   View all 49 prices

2. 2. Select a Balancer Lender

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

   Platform	Mint	APY
   Aave	Balancer (BAL)	Up to 1,14% APY
   Bitget	Balancer (BAL)	Up to 2% APY
   Gemini	Balancer (BAL)	Up to 0,01% APY
   Kucoin	Balancer (BAL)	Up to 0,5% APY

   View all 7 lending APYs

3. 3. Lend Your Balancer

   Once you've selected a platform to lend your Balancer, transfer your Balancer into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.