How to Lend Maker (MKR) in the cryptocurrency market

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)	1,510.91 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. Lend Your Maker for attractive APY returns

   After selecting a platform to lend your Maker, transfer your Maker into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks