Introduction
Lending Gala can be a great option for those who want to hold GALA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain Gala (GALA) tokens
In order to lend Gala, you need to have it. To obtain Gala, you’ll need to purchase it. You can choose from these popular exchanges.
See all 18 pricesPlatform Coin Price Bitpanda Gala (GALA) $0.0184 YouHodler Gala (GALA) $0.0182 Uphold Gala (GALA) $0.0185 Kraken Gala (GALA) $0.0183 OKX Gala (GALA) $0.0182 Binance Gala (GALA) $0.0183 2. Choose a Gala lender
Once you have GALA, you’ll need to choose a Gala lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Gala (GALA) Up to 11% APY MEXC Global Gala (GALA) Up to 0.88% APY OKX Gala (GALA) Up to 1% APY Blockchain.com Gala (GALA) Up to 1% APY 3. Lend your Gala
Once you’ve chosen a platform to lending your Gala, transfer your Gala into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
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 compounding 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.
Latest movements
Gala (GALA) is currently priced at $0.0183 with a 24-hour trading volume of $85.06M. The market cap of Gala stands at 707.65M, with $38.43B GALA in circulation. For those looking to buy or trade Gala, reputable platforms like Bitpanda, YouHodler and Kraken offer avenues to do so securely and efficiently.
- Market cap
- $707.65M
- 24h Volume
- $85.06M
- Circulating supply
- $38.43B