How to Lend Zilliqa (ZIL) in the cryptocurrency market

Introduction

Lending Zilliqa can be an excellent choice for individuals looking to hold ZIL while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Zilliqa (ZIL) Tokens

   To lend Zilliqa, you must first possess it. To acquire Zilliqa, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   平台	Coin	Price
   EarnPark	Zilliqa (ZIL)	0.01 APY
   YouHodler	Zilliqa (ZIL)	0.01 APY
   Binance	Zilliqa (ZIL)	0.01 APY
   OKX	Zilliqa (ZIL)	0.01 APY
   Uphold	Zilliqa (ZIL)	0.01 APY
   Bake	Zilliqa (ZIL)	0.01 APY

   View all 45 prices

2. 2. Select a Zilliqa lending platform

   Once you have ZIL, you'll need to select a Zilliqa lending platform to lend your tokens. You can explore several options available in the market here.

   平台	Coin	APY
   YouHodler	Zilliqa (ZIL)	Up to 12% APY
   EarnPark	Zilliqa (ZIL)	Up to 10% APY
   Kucoin	Zilliqa (ZIL)	Up to 1% APY

   View all 6 loan interest rates

3. 3. Lend Your Zilliqa for attractive APY returns

   After selecting a platform to lend your Zilliqa, transfer your Zilliqa into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks