Where & how to lend Flare (FLR)

Introduction

Lending Flare can be a great option for those who want to hold FLR 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 Flare (FLR) tokens

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

   Platform	Coin	Price
   Bitpanda	Flare (FLR)	$0.0146
   Uphold	Flare (FLR)	$0.0146
   Kraken	Flare (FLR)	$0.0146
   OKX	Flare (FLR)	$0.0145
   Coinbase	Flare (FLR)	$0.0146
   BingX	Flare (FLR)	$0.0147

   See all 12 prices

2. 2. Choose a Flare lender

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

   Platform	Coin	Interest rate
   Kucoin	Flare (FLR)	Up to 0.5% APY
   OKX	Flare (FLR)	Up to 1% APY

3. 3. Lend your Flare

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