Introduction

Lending Marinade Staked SOL can be an excellent choice for individuals looking to hold MSOL 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 Marinade Staked SOL (MSOL) Tokens

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

   Platform	Coin	Price
   Coinbase	Marinade Staked SOL (MSOL)	185.51 APY
   Kraken	Marinade Staked SOL (MSOL)	184.61 APY
   Gate.io	Marinade Staked SOL (MSOL)	186.2 APY

   View all 6 prices

2. 2. Select a Marinade Staked SOL lending platform

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

3. 3. Lend Your Marinade Staked SOL for attractive APY returns

   After selecting a platform to lend your Marinade Staked SOL, transfer your Marinade Staked SOL 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