How to Lend MANTRA (OM)

Introduction

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

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

   Plattform	Kryptowährung	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 provider

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

   Plattform	Kryptowährung	APY
   YouHodler	MANTRA (OM)	Up to 30 % APY
   Kucoin	MANTRA (OM)	Up to 0,5 % APY

3. 3. Lend Your MANTRA in Germany

   Once you've selected a platform to lend your MANTRA, transfer your MANTRA 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.