Where and How to Lend Polygon (MATIC)

Introduction

Lending Polygon can be a great option for those who want to hold MATIC 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 Polygon (MATIC) Tokens

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

   Platform	Coin	Price
   Kraken	Polygon (MATIC)	0.46
   Coinbase	Polygon (MATIC)	0.46
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37

   See all 12 prices

2. 2. Choose a Polygon Lender

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

   Platform	Coin	Interest rate
   Nebeus	Polygon (MATIC)	Up to 13 APY
   Kucoin	Polygon (MATIC)	Up to 5 APY
   Gemini	Polygon (MATIC)	Up to 0.01 APY
   Coinbase	Polygon (MATIC)	Up to 2.91 APY

   See all 6 borrowing rates

3. 3. Lend Your Polygon

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