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. Get Polygon (MATIC) Tokens

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

   Platform	Loonies	Price
   Kraken	Polygon (MATIC)	0.24
   Coinbase	Polygon (MATIC)	0.24
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1

   See all 22 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	Loonies	Interest rate
   Nebeus	Polygon (MATIC)	Up to 13 annual percentage yield
   Kucoin	Polygon (MATIC)	Up to 5 annual percentage yield
   Wirex	Polygon (MATIC)	Up to 4.5 annual percentage yield
   Gemini	Polygon (MATIC)	Up to 0.01 annual percentage yield

   See all 11 lending rates

3. 3. Lend Your Polygon

   Once you’ve chosen a platform for lending your Polygon, transfer your Polygon 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.