How to Lend Merlin Chain (MERL): A Step-by-Step Guide for Spain

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. 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. 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. Lend Your Merlin Chain
Once you've selected a platform to lend your Merlin Chain, transfer your Merlin Chain into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
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 lending platform pays compounding interest to maximise your returns.