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Introduction

Lending Maker can be an excellent option for those who wish to hold MKR while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Maker (MKR) Tokens

   To lend Maker, you need to possess it. To obtain Maker, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	Maker (MKR)	2,224.69
   PrimeXBT	Maker (MKR)	1,675.3
   YouHodler	Maker (MKR)	1,814.61
   Binance	Maker (MKR)	1,817.7
   BTSE	Maker (MKR)	1,790.92
   Coinbase	Maker (MKR)	1,517.57

   View all 71 prices

2. 2. Choose a Maker Lender in the UK

   Once you have MKR, you'll need to choose a Maker lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   YouHodler	Maker (MKR)	Up to 12% AER
   Aave	Maker (MKR)	Up to 0.02% AER

   View all 8 loan rates

3. 3. Earn Maker

   Once you've selected a platform to earn your Maker, transfer your Maker into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.