How to Lend Metal DAO (MTL) in the cryptocurrency market

Introduction

Lending Metal DAO can be an excellent choice for individuals looking to hold MTL 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 Metal DAO (MTL) Tokens

   To lend Metal DAO, you must first possess it. To acquire Metal DAO, 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	Metal DAO (MTL)	0.34 APY
   Binance	Metal DAO (MTL)	0.34 APY
   Coinbase	Metal DAO (MTL)	1.46 APY
   Uphold	Metal DAO (MTL)	0.77 APY
   BingX	Metal DAO (MTL)	0.34 APY
   Bitget	Metal DAO (MTL)	0.34 APY

   View all 25 prices

2. 2. Select a Metal DAO lending platform

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

   Platform	Coin	APY
   Kucoin	Metal DAO (MTL)	Up to 0.5% APY

3. 3. Lend Your Metal DAO for attractive APY returns

   After selecting a platform to lend your Metal DAO, transfer your Metal DAO 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