Where & 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 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 SKALE (SKL) tokens

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

   Platform	Coin	Price
   Bitpanda	SKALE (SKL)	$0.0385
   Uphold	SKALE (SKL)	$0.0378
   OKX	SKALE (SKL)	$0.0385
   Binance	SKALE (SKL)	$0.0378
   Coinbase	SKALE (SKL)	$0.0386
   BTSE	SKALE (SKL)	$0.039

   See all 14 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
   Kucoin	SKALE (SKL)	Up to 0.5% APY
   Bitget	SKALE (SKL)	Up to 1% APY

3. 3. Lend your SKALE

   Once you’ve chosen a platform to lending 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 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.