Where and How to Lend Maker (MKR)

Introduction

Lending Maker can be a great option for those who want to hold MKR 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 Guide

1. 1. Acquire Maker (MKR) Tokens

   To be able to lend Maker, you need to have it. To get Maker, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Nexo	Maker (MKR)	1,462.31
   PrimeXBT	Maker (MKR)	1,461.9
   M2	Maker (MKR)	1,462.18
   Uphold	Maker (MKR)	1,462.07
   Kraken	Maker (MKR)	1,465.2
   OKX	Maker (MKR)	1,462.3

   See all 37 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 see some options here.

   Platform	Coin	Interest rate
   YouHodler	Maker (MKR)	Up to 12 APY
   Aave	Maker (MKR)	Up to 0.02 APY
   Kucoin	Maker (MKR)	Up to 0.03 APY

   See all 4 borrowing rates

3. 3. Lend Your Maker

   Once you’ve chosen a platform to lend your Maker, transfer your Maker 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. 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.