Where and How to Lend Zilliqa (zil)

Introduction

Lending Zilliqa can be a great option for those who want to hold zil 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. 1. Obtain Zilliqa (zil) Tokens

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

2. 2. Choose a Zilliqa Lender

   Once you have zil, you'll need to choose a Zilliqa lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Zilliqa (zil)	Up to 12% APY
   EarnPark	Zilliqa (zil)	Up to 7% APY

3. 3. Lend Your Zilliqa

   Once you've chosen a platform to lend your Zilliqa, transfer your Zilliqa 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.