How to Lend Decentraland (MANA)

Introduction

Lending Decentraland can be an excellent choice for those looking to hold MANA while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Decentraland (MANA) Tokens

   To lend Decentraland, you first need to possess it. To acquire Decentraland, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Decentraland (MANA)	0,12 APY
   PrimeXBT	Decentraland (MANA)	0,12 APY
   YouHodler	Decentraland (MANA)	0,12 APY
   Binance	Decentraland (MANA)	0,12 APY
   BTSE	Decentraland (MANA)	0,12 APY
   OKX	Decentraland (MANA)	0,23 APY

   View all 51 prices

2. 2. Select a Decentraland provider

   Once you have MANA, you'll need to select a Decentraland lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   YouHodler	Decentraland (MANA)	Up to 12 % APY
   Gemini	Decentraland (MANA)	Up to 0,01 % APY

   View all 4 lending APY rates

3. 3. Lend Your Decentraland in Germany

   Once you've selected a platform to lend your Decentraland, transfer your Decentraland into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.