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Introduction

Lending Maker can be a great option for those who want to hold MKR 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. 1. Obtain Maker (MKR) tokens

   To lend Maker, you need to possess it. To acquire Maker, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Maker (MKR)	2,224.69
   PrimeXBT	Maker (MKR)	1,675.3
   YouHodler	Maker (MKR)	1,814.61
   Binance	Maker (MKR)	1,817.7
   BTSE	Maker (MKR)	1,790.92
   Coinbase	Maker (MKR)	1,517.57

   See all 71 prices

2. 2. Choose a Maker lender

   Once you have MKR, you'll need to choose a Maker lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Maker (MKR)	Up to 12% p.a.
   Aave	Maker (MKR)	Up to 0.02% p.a.

   See all 8 lending rates

3. 3. Earn Maker

   Once you've chosen a platform to earn your Maker, transfer your Maker 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. 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.