Introduction
Lending SLERF can be a great option for those who want to hold SLERF 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 Guide
1. Obtain SLERF (SLERF) Tokens
In order to lend SLERF, you need to have it. To obtain SLERF, you’ll need to purchase it. You can choose from these popular exchanges.
See all 8 pricesPlatform Coin Price OKX SLERF (SLERF) 0.17 Bitmart SLERF (SLERF) 0.18 MEXC Global SLERF (SLERF) 0.18 BingX SLERF (SLERF) 0.18 Bitget SLERF (SLERF) 0.17 Gate.io SLERF (SLERF) 0.17 2. Choose a SLERF Lender
Once you have SLERF, you’ll need to choose a SLERF lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Bitget SLERF (SLERF) Up to 0.40 APY 3. Lend Your SLERF
Once you’ve chosen a platform to lending your SLERF, transfer your SLERF 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.