Earn up to
0.8% p.a.
A comprehensive guide on how to lend Merlin Chain (MERL)
We have a wealth of data on lending Merlin Chain (MERL) and we're happy to share some of this with you.
We present some lending options with other coins that may be of interest.
Merlin Chain (MERL) is currently priced at USD 0.8 with a 24-hour trading volume of USD 11.1M. The market cap of Merlin Chain stands at USD 110.34M, with 487.48M MERL in circulation. For those looking to buy or trade Merlin Chain, Bitget offers avenues to do so securely and efficiently}
Lending Merlin Chain can be a great option for those who want to hold MERL 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.
To lend Merlin Chain, you need to possess it. To acquire Merlin Chain, you'll need to buy it. You can select from these popular exchanges.
Once you have MERL, you'll need to choose a Merlin Chain lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Bitget | Merlin Chain (MERL) | Up to 0.8% p.a. |
| Kucoin | Merlin Chain (MERL) | Up to 0.5% p.a. |
Once you've chosen a platform to lend your Merlin Chain, transfer your Merlin Chain 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.
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.
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.
MERL
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
