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Introduction

Lending Merlin Chain can be an excellent choice for those looking to hold MERL while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Merlin Chain (MERL) Tokens

   To lend Merlin Chain, you first need to possess it. To acquire Merlin Chain, you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   PrimeXBT	Merlin Chain (MERL)	0,43 APY
   BTSE	Merlin Chain (MERL)	0,43 APY
   Kraken	Merlin Chain (MERL)	0,43 APY
   OKX	Merlin Chain (MERL)	0,11 APY
   BingX	Merlin Chain (MERL)	0,43 APY
   Bitget	Merlin Chain (MERL)	0,43 APY

   Consulta todos los 32 precios

2. 2. Select a Merlin Chain Lender

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

   Plataforma	Cripto	APY
   Bitget	Merlin Chain (MERL)	Hasta 0,8% APY
   Kucoin	Merlin Chain (MERL)	Hasta 0,5% APY

3. 3. Earn Merlin Chain with competitive APY rates that can help you grow your investment

   Once you've selected a platform to earn your Merlin Chain, transfer your Merlin Chain into your wallet on the earning 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. Generate Earnings

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your earning platform pays compounding APY to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky