Where and How to Earn UMA (UMA)

Introduction

Lending UMA can be a great option for those who want to hold UMA but earn yield. The steps can be 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. Acquire UMA (UMA) Tokens

   To lend UMA, you'll need to have it. To get UMA, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	UMA (UMA)	1.23
   Kraken	UMA (UMA)	1.14
   OKX	UMA (UMA)	1.4
   Binance	UMA (UMA)	1.13
   Coinbase	UMA (UMA)	1.13
   MEXC Global	UMA (UMA)	1.13

   See all 55 prices

2. 2. Choose a UMA Lender

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

   Platform	Coin	Interest rate
   Kucoin	UMA (UMA)	Up to 0.5% APY
   Gemini	UMA (UMA)	Up to 0.01% APY

   See all 4 borrowing rates

3. 3. Earn UMA

   Once you've chosen a platform for earning your UMA, transfer your UMA into your wallet on the earning platform. Once it's deposited, it'll start earning interest. Some platforms pay interest daily, while others offer it 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. Try to make sure your earning 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.