How to Lend POL (ex-MATIC) (POL) in the cryptocurrency market

Introduction

Lending POL (ex-MATIC) can be an excellent choice for individuals looking to hold POL 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 POL (ex-MATIC) (POL) Tokens

   To lend POL (ex-MATIC), you must first possess it. To acquire POL (ex-MATIC), 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	POL (ex-MATIC) (POL)	0.11 APY
   PrimeXBT	POL (ex-MATIC) (POL)	0.11 APY
   YouHodler	POL (ex-MATIC) (POL)	0.11 APY
   Binance	POL (ex-MATIC) (POL)	0.11 APY
   BTSE	POL (ex-MATIC) (POL)	0.11 APY
   Coinbase	POL (ex-MATIC) (POL)	0.11 APY

   View all 63 prices

2. 2. Select a POL (ex-MATIC) lending platform

   Once you have POL, you'll need to select a POL (ex-MATIC) lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Nexo	POL (ex-MATIC) (POL)	Up to 7% APY
   YouHodler	POL (ex-MATIC) (POL)	Up to 16% APY
   Bitget	POL (ex-MATIC) (POL)	Up to 4.2% APY

   View all 8 loan interest rates

3. 3. Lend Your POL (ex-MATIC) for attractive APY returns

   After selecting a platform to lend your POL (ex-MATIC), transfer your POL (ex-MATIC) 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