How to Lend MANTRA (OM) in the cryptocurrency market

Introduction

Lending MANTRA can be an excellent choice for individuals looking to hold OM 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 MANTRA (OM) Tokens

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

   Platform	Coin	Price
   PrimeXBT	MANTRA (OM)	0.07 APY
   YouHodler	MANTRA (OM)	0.07 APY
   Binance	MANTRA (OM)	0.07 APY
   BTSE	MANTRA (OM)	0.16 APY
   Kraken	MANTRA (OM)	0.07 APY
   OKX	MANTRA (OM)	6.89 APY

   View all 44 prices

2. 2. Select a MANTRA lending platform

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

   Platform	Coin	APY
   YouHodler	MANTRA (OM)	Up to 30% APY
   Kucoin	MANTRA (OM)	Up to 0.5% APY

3. 3. Lend Your MANTRA for attractive APY returns

   After selecting a platform to lend your MANTRA, transfer your MANTRA 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