Where and How to Earn Maker (MKR)

Introduction

Lending Maker can be an excellent choice for individuals looking to hold MKR while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Maker (MKR) Tokens

   To lend Maker, you must first possess it. To acquire Maker, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	Maker (MKR)	2,224.69 APY
   PrimeXBT	Maker (MKR)	1,675.3 APY
   YouHodler	Maker (MKR)	1,814.61 APY
   Binance	Maker (MKR)	1,813.7 APY
   BTSE	Maker (MKR)	1,790.92 APY
   Coinbase	Maker (MKR)	1,517.61 APY

   View all 71 prices

2. 2. Select a Maker lending platform

   Once you have MKR, you'll need to select a Maker lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   YouHodler	Maker (MKR)	Up to 12% APY
   Aave	Maker (MKR)	Up to 0.02% APY

   View all 8 loan interest rates

3. 3. Earn Maker

   Once you've selected a platform to earn your Maker, transfer your Maker into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks