Where and How to Lend OMG Network (OMG)

Introduction

Lending OMG Network can be a great option for those who want to hold OMG 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 OMG Network (OMG) Tokens

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

   Platform	Coin	Price
   YouHodler	OMG Network (OMG)	0.2
   Kraken	OMG Network (OMG)	0.2
   Coinbase	OMG Network (OMG)	0.47
   Bitget	OMG Network (OMG)	0.2
   MEXC Global	OMG Network (OMG)	0.2
   Kucoin	OMG Network (OMG)	0.2

   See all 31 prices

2. 2. Choose a OMG Network Lender

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

   Platform	Coin	Interest rate
   YouHodler	OMG Network (OMG)	Up to 12 APY
   Kucoin	OMG Network (OMG)	Up to 0.3 APY

   See all 4 borrowing rates

3. 3. Lend Your OMG Network

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