Where and How to Lend Aave MANA v1 (AMANA)

Introduction

Lending Aave MANA v1 can be a great option for those who want to hold AMANA 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. Get Aave MANA v1 (AMANA) Tokens

   To lend Aave MANA v1, you need to have it. To get Aave MANA v1, you'll need to buy it. You can choose from these popular exchanges.

2. 2. Choose a Aave MANA v1 Lender

   Once you have AMANA, you’ll need to choose a Aave MANA v1 lending platform to lend your tokens. You can see some options here.

   Platform	Loonies	Interest rate
   Aave	Aave MANA v1 (AMANA)	Up to 0.0002722% annual percentage yield

3. 3. Lend Your Aave MANA v1

   Once you’ve chosen a platform for lending your Aave MANA v1, transfer your Aave MANA v1 into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.