Where and How to Earn Merlin Chain (MERL)

Introduction

Lending Merlin Chain can be a great option for those who want to hold MERL 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. 1. Obtain Merlin Chain (MERL) Tokens

   To lend Merlin Chain, you need to have it. To get Merlin Chain, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Kraken	Merlin Chain (MERL)	0.1
   OKX	Merlin Chain (MERL)	0.1
   BTSE	Merlin Chain (MERL)	0.07
   MEXC Global	Merlin Chain (MERL)	0.1
   Bitget	Merlin Chain (MERL)	0.1
   Bitmart	Merlin Chain (MERL)	0.1

   See all 29 prices

2. 2. Choose a Merlin Chain Lender

   Once you have MERL, you'll need to select a Merlin Chain lending platform to lend your tokens. You can check some options here.

   Platform	Coin	Interest rate
   Bitget	Merlin Chain (MERL)	Up to 0.8% APY
   Kucoin	Merlin Chain (MERL)	Up to 0.5% APY

3. 3. Earn Merlin Chain

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

4. 4. Earn Interest

   Now, you just need to relax while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximise your returns.

What to Keep in Mind

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.