Introduction
Lending Decentraland can be a great option for those who want to hold MANA 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 Decentraland (MANA) Tokens
To lend Decentraland, you need to have it. To acquire Decentraland, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Decentraland Lender
Once you have MANA, you’ll need to choose a Decentraland lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate YouHodler Decentraland (MANA) Up to 12 AER Gemini Decentraland (MANA) Up to 0.01 AER 3. Lend Your Decentraland
Once you’ve chosen a platform to lend your Decentraland, transfer your Decentraland into your wallet on 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 whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure 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.
Latest Movements
Decentraland (MANA) is currently priced at US$12 with a 24-hour trading volume of US$82.37M. The market cap of Decentraland stands at US$916.82M, with US$1.87B MANA in circulation. For those looking to purchase or trade Decentraland, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$916.82M
- 24-hour volume
- US$82.37M
- Circulating supply
- US$1.87B