Introduction to the world of cryptocurrency can be both exciting and daunting
Lending POL (ex-MATIC) can be an excellent choice for those looking to hold POL while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
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'll need to purchase it. You can select from these well-known exchanges.
2. Select a POL (ex-MATIC) Lender
Once you have POL, you'll need to select a POL (ex-MATIC) lending platform to lend your tokens. You can explore some options here.
See all 8 lending ratesPlatform Coin Interest rate 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 3. Earn POL (ex-MATIC) with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your POL (ex-MATIC), transfer your POL (ex-MATIC) into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
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. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
POL (ex-MATIC) (POL) is currently priced at US$4.5 with a 24-hour trading volume of US$100.97M. The market cap of POL (ex-MATIC) stands at US$3.79B, with 8,41B POL in circulation. For those looking to buy or trade POL (ex-MATIC), Nexo offers avenues to do so securely and efficiently
- Market cap
- US$3.79B
- 24h volume
- US$100.97M
- Circulating supply
- 8,41B POL
