How to Lend Metal DAO (MTL) in the UK

Introduction

Lending Metal DAO can be an excellent option for those who wish to hold MTL 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 Metal DAO (MTL) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Metal DAO (MTL)	0.73
   Uphold	Metal DAO (MTL)	0.77
   Binance	Metal DAO (MTL)	0.73
   Coinbase	Metal DAO (MTL)	1.46
   BingX	Metal DAO (MTL)	0.73
   Bitget	Metal DAO (MTL)	0.73

   View all 25 prices

2. 2. Choose a Metal DAO Lender in the UK

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

   Platform	Coin	AER
   Kucoin	Metal DAO (MTL)	Up to 0.5% AER

3. 3. Lend Your Metal DAO

   Once you've chosen a platform to lend your Metal DAO, transfer your Metal DAO into your wallet on the lending platform. Once it's deposited, it will start earning 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.