Introduction
Lending Decentraland can be a great option for those who want to hold MANA 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 Decentraland (MANA) tokens
To lend Decentraland, you need to possess it. To acquire Decentraland, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Decentraland lender
Once you have MANA, you'll need to choose a Decentraland lending platform to lend your tokens. You can find some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Decentraland (MANA) Up to 12% p.a. Gemini Decentraland (MANA) Up to 0.01% p.a. 3. Earn Decentraland
Once you've chosen a platform to earn your Decentraland, transfer your Decentraland 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.
Latest Movements
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- Market capitalisation
- USD 916.82M
- 24-hour volume
- USD 82.37M
- Circulating supply
- 1.87B MANA
