How to Lend UMA (UMA): A Step-by-Step Guide

Introduction

Lending UMA can be a great option for those who want to hold UMA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain UMA (UMA) Tokens
In order to lend UMA, you need to have it. To obtain UMA, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT UMA (UMA) 0,75
Binance UMA (UMA) 0,75
Coinbase UMA (UMA) 0,74
Kraken UMA (UMA) 0,74
OKX UMA (UMA) 1,4
Uphold UMA (UMA) 1,23
See all 58 prices
2. Choose a UMA Lender
Once you have UMA, you’ll need to choose a UMA lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Gemini UMA (UMA) Up to 0,01% APY
Kucoin UMA (UMA) Up to 0,5% APY
See all 4 lending rates
3. Lend Your UMA
Once you’ve chosen a platform to lending your UMA, transfer your UMA into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	UMA (UMA)	0,75
Binance	UMA (UMA)	0,75
Coinbase	UMA (UMA)	0,74
Kraken	UMA (UMA)	0,74
OKX	UMA (UMA)	1,4
Uphold	UMA (UMA)	1,23

Platform	Coin	Interest rate
Gemini	UMA (UMA)	Up to 0,01% APY
Kucoin	UMA (UMA)	Up to 0,5% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.