Introduction
Lending Mina Protocol can be a great option for those who want to hold MINA 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
- 1
Obtain Mina Protocol (MINA) tokens
In order to lend Mina Protocol, you need to have it. To obtain Mina Protocol, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Mina Protocol lender
Once you have MINA, you’ll need to choose a Mina Protocol lending platform to lend your tokens. You can see some options here.
- 3
Lend your Mina Protocol
Once you’ve chosen a platform to lending your Mina Protocol, transfer your Mina Protocol 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.
Latest movements
Mina Protocol (MINA) is currently priced at $0.7877, with a 24-hour trading volume of $28.19M. In the last 24 hours, Mina Protocol has experienced a decrease to -1.59. The market cap of Mina Protocol stands at $871.15M, with 1.10B in circulation. For those looking to buy or trade Mina Protocol, reputable platforms like OKX, Binance, Coinbase and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $871.15M
- Volume
- $28.19M
- Circulating supply
- $1.10B
