# TODO: update Tips for lenders

## 🧠 There are 2 ways to lend $SOL on Banx 

* Via the Lend page
* Via the Refinance page

Both options have their advantages and we encourage you to try out both to see what combination works best for you:

### 1) Lend page

* Create offers for collections you want to lend against
* Once an offer is made, sit back and wait for a borrower take your offer
* Actual offer size taken can be less depending on the amount of SOL users choose to borrow

### 2) Refinancing auctions

* Allows you to put your SOL to work instantly by lending to existing loans in search of new lenders
* You can see exactly what collateral you are lending against 
* However, you have no control over the existing loans' LTVs, so it is likely some loans appearing for refinance will not be within your risk appetite

{% hint style="info" %}
New refinancing auctions will appear in a dedicated channel [in our discord ](https://discord.gg/banxfromfrakt)
{% endhint %}

## 🧠 Subscribe to notifications

In order to avoid missing important notifications, we **strongly recommend** you to subscribe to Banx notifications using:

* Discord 
* Telegram 
* Email

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