Introduction
Lending Aave MANA v1 can be a great option for those who want to hold AMANA while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain Aave MANA v1 (AMANA) tokens
To lend Aave MANA v1, you need to possess it. To acquire Aave MANA v1, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Aave MANA v1 lender
Once you have AMANA, you'll need to choose a Aave MANA v1 lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate Aave Aave MANA v1 (AMANA) Up to 0.0002722% p.a. 3. Earn Aave MANA v1
Once you've chosen a platform to earn your Aave MANA v1, transfer your Aave MANA v1 into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
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