How to Lend MANTRA (OM): A Step-by-Step Guide

Introduction

Lending MANTRA can be a great option for those who want to hold OM 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. Get MANTRA (OM) Tokens
To lend MANTRA, you need to have it. To get MANTRA, you'll need to buy it. You can choose from these popular exchanges.
Platform Loonies Price
YouHodler MANTRA (OM) 0.57
Kraken MANTRA (OM) 0.57
OKX MANTRA (OM) 6.89
Binance MANTRA (OM) 0.57
BTSE MANTRA (OM) 0.57
Bitget MANTRA (OM) 6.24
See all 42 prices
2. Choose a MANTRA Lender
Once you have OM, you’ll need to choose a MANTRA lending platform to lend your tokens. You can see some options here.
Platform Loonies Interest rate
YouHodler MANTRA (OM) Up to 30 annual percentage yield
Kucoin MANTRA (OM) Up to 0.5 annual percentage yield
3. Lend Your MANTRA
Once you’ve chosen a platform for lending your MANTRA, transfer your MANTRA 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. 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.

Platform	Loonies	Price
YouHodler	MANTRA (OM)	0.57
Kraken	MANTRA (OM)	0.57
OKX	MANTRA (OM)	6.89
Binance	MANTRA (OM)	0.57
BTSE	MANTRA (OM)	0.57
Bitget	MANTRA (OM)	6.24

Platform	Loonies	Interest rate
YouHodler	MANTRA (OM)	Up to 30 annual percentage yield
Kucoin	MANTRA (OM)	Up to 0.5 annual percentage yield

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.

Latest Movements

MANTRA (OM) is currently priced at US$30 with a 24-hour trading volume of US$99.78M. The market cap of MANTRA is currently at US$3.78B, with 959.78M OM in circulation. For those interested in buying or trading MANTRA, YouHodler offers ways to do so securely and efficiently

Market capitalization: US$3.78B
24h volume: US$99.78M
Circulating supply: 959.78M OM

See latest information

Frequently Asked Questions About Lending MANTRA (OM)

What are the current lending rates for MANTRA (OM)?: MANTRA (OM) currently offers a total of two lending rates. The average lending rate stands at 150.25%. For those seeking the best lending rate, YouHodler provides an attractive option. It is essential to stay updated on these rates, as they can fluctuate based on market conditions. For the most accurate and timely information, consider utilizing Bitcompare's tools for real-time comparisons and alerts.
How can I find the best lending rates for MANTRA (OM)?: To find the best lending rates for MANTRA (OM), you can utilize platforms like Bitcompare, which provide real-time comparisons of various lending options. Currently, YouHodler offers the highest lending rate for MANTRA. It is advisable to regularly check these platforms for updates, as rates can change frequently based on market dynamics. Additionally, setting up email alerts through Bitcompare can help you stay informed about any significant changes in lending rates.
Are there any fees associated with lending MANTRA (OM)?: Fees associated with lending MANTRA (OM) can vary depending on the platform you choose. Typically, platforms may charge service fees, which can impact your overall returns. It is crucial to review the terms and conditions of each lending service, such as YouHodler, to understand any applicable fees. To ensure you make informed decisions, utilize Bitcompare's resources for a comprehensive analysis of lending options and their fee structures, allowing you to maximize your returns effectively.
How do lending rates for MANTRA (OM) compare to those of other cryptocurrencies?: Lending rates for MANTRA (OM) can differ significantly from those of other cryptocurrencies due to factors such as demand, market trends, and platform-specific offerings. Currently, MANTRA has an average lending rate of 150.25%, which may be competitive compared to similar assets. To understand how these rates compare to those of other cryptocurrencies, it is beneficial to use comparison tools like Bitcompare, which provide real-time insights and allow you to make informed decisions based on current market conditions.
What factors influence the lending rates for MANTRA (OM)?: Lending rates for MANTRA (OM) are influenced by several factors, including market demand, liquidity, and competition among lending platforms. Additionally, the overall performance of the cryptocurrency market can impact rates, as fluctuations in asset values may lead to changes in lending and borrowing activity. Monitoring these variables and using tools like Bitcompare can help you stay informed about any shifts in lending rates, ensuring you can make timely decisions.