How to Lend MANTRA (OM) in Australia

Introduction

Lending MANTRA can be a great option for those who want to hold OM 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 MANTRA (OM) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.07
   YouHodler	MANTRA (OM)	0.07
   Binance	MANTRA (OM)	0.07
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.07
   OKX	MANTRA (OM)	6.89

   See all 44 prices

2. 2. Choose a MANTRA lender

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

   Platform	Coin	Interest rate
   YouHodler	MANTRA (OM)	Up to 30% p.a.
   Kucoin	MANTRA (OM)	Up to 0.5% p.a.

3. 3. Lend Your MANTRA

   Once you've chosen a platform to lend your MANTRA, transfer your MANTRA into your wallet on the lending 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 lending 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.