How to Lend POL (ex-MATIC) (POL) in the UK

Introduction

Lending POL (ex-MATIC) can be an excellent option for those who wish to hold POL 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 POL (ex-MATIC) (POL) Tokens

   To lend POL (ex-MATIC), you need to possess it. To obtain POL (ex-MATIC), you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	POL (ex-MATIC) (POL)	0.11
   PrimeXBT	POL (ex-MATIC) (POL)	0.11
   YouHodler	POL (ex-MATIC) (POL)	0.11
   Binance	POL (ex-MATIC) (POL)	0.11
   BTSE	POL (ex-MATIC) (POL)	0.11
   Coinbase	POL (ex-MATIC) (POL)	0.11

   View all 63 prices

2. 2. Choose a POL (ex-MATIC) Lender in the UK

   Once you have POL, you'll need to choose a POL (ex-MATIC) lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nexo	POL (ex-MATIC) (POL)	Up to 7% AER
   YouHodler	POL (ex-MATIC) (POL)	Up to 16% AER
   Bitget	POL (ex-MATIC) (POL)	Up to 4.2% AER

   View all 8 loan rates

3. 3. Lend Your POL (ex-MATIC)

   Once you've chosen a platform to lend your POL (ex-MATIC), transfer your POL (ex-MATIC) 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.