How to Earn Maker (MKR): A Comprehensive Guide for the UK

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. 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) 1,516.67
View all 71 prices
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. 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. 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.

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)	1,516.67

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

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.