How to stake and earn Rally (RLY) in Australia

Earn up to 4.22% APY on your RLY. Compare rates on Rally or learn how to stake RLY using a wallet.

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RLY is the native token of the Rally platform and can be earned in several ways: through lending, staking and yield farming.

Lending your RLY

The easiest way to earn yield on your RLY in Australia is through an exchange or digital asset lending platform such as Gemini Cryptocurrency Exchange and Gate.io Cryptocurrency Exchange.

The highest return currently available on RLY from the products we compared is 4.22% through Gemini Cryptocurrency Exchange with a flexible deposit length, meaning you can withdraw your funds any time.

Use the table to compare rates on RLY and use our calculator to forecast how much you could earn.

Staking your RLY

Alternatively, you can stake RLY on the Rally platform in return for DeFi staking rewards. This method requires using a web 3.0 wallet on a blockchain like ethereum which is why we have put together a visual step-by-step explainer to help guide you through the process.

You can use our table to compare rates on RLY or skip to the staking section for a step-by-step guide on how to stake your tokens on the Rally platform with a wallet.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Compare rates for lending RLY

1 RLY = $0.08323
Daily earnings

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Weekly earnings

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Monthly earnings

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Yearly earnings

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Cryptocurrency prices provided by CoinGecko. Results are an estimate based on Finder internal data, provided on a best effort basis. Rate data may be delayed up to seven days. Please check the provider website for the most current rates and information, and to verify any data provided by this calculator before applying for any product.
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Gate.io Cryptocurrency Exchange 2.93% 1.75% 7-days Variable Earn now
Gemini Cryptocurrency Exchange 4.22% 4.22% Varies Fixed Earn now

How to use the table and calculator

  1. Compare rates. The table and calculator display the annual yield (APY). Rates vary depending on a number of factors like the provider, term length and whether or not the rates are variable or fixed. Keep in mind that cryptocurrency yields fluctuate each day. For a more accurate overview, we've provided an average rate based on data from the past month.
  2. Choose a variable or fixed rate. To protect against fluctuations, some providers offer a fixed rate. These rates stay consistent over time and do not fluctuate with the market. Compare lock-up periods. Some accounts require you to keep your funds locked up for a set period, while others will let you withdraw at any time.
  3. Calculate your returns. Use the calculator to project how much you could earn with each provider.
  4. Start earning. Once you've made your choice, click on the green "Earn now" button to go to the provider's website and create an account or log in.

How to earn Rally: Step-by-step guide to lending

The instructions below are for earning yield on Rally using a cryptocurrency exchange for lending:

  1. Use the table to compare rates from various providers.
  2. Choose a provider to deposit your cryptocurrency with, then safely navigate to their website using the "Earn now" button in the table.
  3. Sign-up for an account using an email address and make sure to have some form of photo ID ready to complete the verification process.
  4. Look for the "wallet" or "deposit" tab on the provider's website, then transfer your funds from your existing exchange or wallet to the deposit address shown and make sure to double-check the address is correct before sending. If you do not own any RLY yet, then you can purchase it on the same exchange you plan to earn it on or view our list of local exchanges that sell it.
  5. Once deposited, move your funds into the yield-earning account. If you are using a specialised digital asset lending platform like Celsius, Nexo or BlockFi you can usually skip this step, as your assets will typically start earning yield right away. Remember to check back regularly to monitor your portfolio, collect rewards and ensure everything is working as intended.
  6. Most services will let you access your rewards without needing to withdraw your initial deposit. Keep in mind that some services require your deposit to remain locked for a certain period of time, while others are flexible and allow you to withdraw anytime (although be on the lookout for early withdrawal fees).
  7. Remember that while earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.

How to stake Rally

RLY token holders can earn interest from tokens through the RLY liquidity reward program. This involves depositing RLY tokens into specific liquidity pools on either the Uniswap or Balancer decentr{{ alise }}d exchanges (DEXs).

In return for supplying liquidity to these pools and, therefore, providing liquidity to the network (including all content creators), liquidity providers (LPs) are rewarded.

To begin staking RLY, you will need access to a Web 3.0 crypto wallet, such as MetaMask. This wallet will act as a bridge between your crypto assets and the DeFi application required in the process. For some of the transactions involved with staking the RLY token, you will also need ETH to pay for gas fees. The cost of each transaction will be dependent on the congestion of the network at the time.

Step 1. Head over to the official vaults.rally.io/liquidity website. RLY step 1

Step 2. Connect your Web 3.0 crypto wallet to the platform by clicking the "Connect Wallet" button in the top-right corner of the screen. Follow the on-screen prompts from your Web 3.0 wallet. RLY step 2

Step 3. Once your wallet is connected, click the "Liquidity" tab in the menu. This will take you to the liquidity provider page. Here you will see a list of the specific liquidity pools on both Uniswap and Balancer that you can provide RLY liquidity to in return for rewards. RLY step 3

Step 4. Choose a liquidity pool from the list and click the square w/arrow icon next to the name of the liquidity pool. This will take you directly to the corresponding liquidity pool on the chosen decentr{{ alise }}d exchange. RLY step 4

Deposit RLY and the other cryptocurrency into your chosen liquidity pool. This will be either ETH on Uniswap or USDC and ETH on Balancer. For more information on how to add liquidity to Uniswap and Balancer, click here.

Once you have deposited your cryptocurrency tokens, you will receive LP tokens in return. These represent your stake in the liquidity pool and will accrue any transaction fees you collect.

Step 5. Head back to the Rally vault website at vaults.rally.io/liquidity. Click on the "Liquidity" tab and click on the dropdown arrow next to your chosen liquidity pool. Claim your RLY rewards by depositing your liquidity provider tokens (claim tokens) from either Uniswap or Balancer.

How much can I earn from staking RLY?

A maximum supply of 15 billion RLY tokens was created upon launch. 350 million RLY tokens were assigned for staking rewards from Rally's community token allocation. These will be distributed to liquidity providers of the 5 liquidity pools that exist within Rally's vault. According to Rally's documentation, 38 RLY are released per block. This is equivalent to 7.3 million RLY per month. Each of the 5 liquidity pools receives varying levels of the assigned RLY distribution. All Balancer pools receive 13% of the distribution, meanwhile, the Uniswap pool receives 35%. In real-world terms, what you can expect to earn from staking RLY and staking LP tokens will depend on the price fluctuations that RLY experiences.

Safe storage

You can improve the security of your staked RLY by using a hardware wallet to store your private keys offline – check out our guide to learn how.

Risks of lending and staking Rally

Risks involved with lending Rally include:
  • Lack of regulation. Just because you're earning yield on your RLY like you would with a bank account, that doesn't mean you have the same protections. Cryptocurrency exchanges and lenders are largely unregulated and consumer protection laws in your country are unlikely to apply. As such, if something happens to your deposits you are unlikely to have many options for legal recourse. Fortunately, some lenders such as Nexo offer insurance on deposits to help bridge this gap.
  • Lack of insurance. While earning yield on cryptocurrencies can be easy and attractive, your deposits are not insured the same way cash deposits are with a bank. Deposits are used in a variety of ways, all of which carry varying levels of risk. Some services offer insurance policies, while some might not offer any insurance at all. Make sure to research the provider thoroughly before making a decision.
  • DeFi and smart contract risk. This guide only compares CeFi platforms, but if you choose to use a DeFi platform for lending RLY, then you are taking on the additional risk associated with that platform. DeFi lending uses software called smart contracts which automates the process and pairs lenders with borrowers. These smart contracts can be exploited and user funds stolen. Look for a protocol with a long history of security, such as Compound or Aave.
  • Scams. Be wary of platforms that offer rates several times higher than the competition. While legitimate services may do this as a promotion or way to attract users, some may be scams waiting to steal user funds.
Risks involved with staking Rally include:
  • Slashing. When you stake cryptocurrency through an exchange or wallet, you are usually doing it as a delegator. This means you are giving permission for someone else to act (vote on blocks) on behalf of your assets. If the node operator makes a mistake or intentionally does the wrong thing, then they may suffer a slashing penalty. A slashing penalty may result in the loss of funds which may be shared amongst all of the delegators, yourself included.
  • Lock-up period. Some platforms will require you to lock-up your funds for a set period of time before you can access them again. This could be several weeks, months or years. Doing so will prevent you from selling until the lock-up period is over. Some cryptocurrencies or staking services will let you unstake early for a fee.
  • Using an exchange. A feature of staking is voting. By staking your coins or tokens, you usually get a say on what happens on the network. If you use an exchange for staking, then you are assigning your voting rights to the exchange operators who may not act in your best interests.
  • Dependent on other DeFi applications. Unlike other staking processes, staking RLY requires the use of another DeFi application. Although both Uniswap and Balancer have been rigorously tested, the addition of another application is always going to heighten the level of risk.
  • Impermanent loss. Apart from the single-sided liquidity options in Balancer, gaining rewards from RLY requires users to deposit a second cryptocurrency. Each liquidity pool must maintain an equal share of both cryptocurrencies. As a result, users must risk not only RLY tokens but a second cryptocurrency as well. Depositing digital assets to liquidity also brings in the risk of impermanent loss.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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