Where & how to lend Elastos (ELA)

Introduction

Lending Elastos can be a great option for those who want to hold ELA 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. 1. Obtain Elastos (ELA) tokens

   In order to lend Elastos, you need to have it. To obtain Elastos, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Coinbase	Elastos (ELA)	$2.02
   Bitmart	Elastos (ELA)	$2.45
   BingX	Elastos (ELA)	$2.02
   Kucoin	Elastos (ELA)	$2.01
   Bitget	Elastos (ELA)	$2.02
   Crypto.com	Elastos (ELA)	$1.99

   See all 6 prices

2. 2. Choose a Elastos lender

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

   Platform	Coin	Interest rate
   Bitget	Elastos (ELA)	Up to 1% APY

3. 3. Lend your Elastos

   Once you’ve chosen a platform to lending your Elastos, transfer your Elastos 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. 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.