Where and How to Lend SKALE (SKL)

Introduction

Lending SKALE can be a great option for those who want to hold SKL but earn yield. The steps can be a bit 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 SKALE (SKL) Tokens

   To lend SKALE, you need to have it. To get SKALE, you’ll need to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Uphold	SKALE (SKL)	0.02
   OKX	SKALE (SKL)	0.03
   Binance	SKALE (SKL)	0.02
   BTSE	SKALE (SKL)	0.02
   Coinbase	SKALE (SKL)	0.02
   Bitget	SKALE (SKL)	0.02

   See all 47 prices

2. 2. Choose a SKALE Lender

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

   Platform	Coin	Interest rate
   Bitget	SKALE (SKL)	Up to 1 APY
   Kucoin	SKALE (SKL)	Up to 0.5 APY
   Gemini	SKALE (SKL)	Up to 0.01 APY

   See all 5 lending rates

3. 3. Lend Your SKALE

   Once you’ve chosen a platform to lend your SKALE, transfer your SKALE into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 compound 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.