How to Lend Metal DAO (MTL) in Australia

Introduction

Lending Metal DAO can be a great option for those who want to hold MTL 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 Metal DAO (MTL) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Metal DAO (MTL)	0.35
   Binance	Metal DAO (MTL)	0.35
   Coinbase	Metal DAO (MTL)	1.46
   Uphold	Metal DAO (MTL)	0.77
   BingX	Metal DAO (MTL)	0.35
   Bitget	Metal DAO (MTL)	0.35

   See all 25 prices

2. 2. Choose a Metal DAO lender

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

   Platform	Coin	Interest rate
   Kucoin	Metal DAO (MTL)	Up to 0.5% p.a.

3. 3. Lend Your Metal DAO

   Once you've chosen a platform to lend your Metal DAO, transfer your Metal DAO 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.