Where and How to Earn Polygon (MATIC)

Introduction

Lending Polygon can be a great option for those who want to hold MATIC 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 Polygon (MATIC) Tokens

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

   Platform	Coin	Price
   Kraken	Polygon (MATIC)	0.23
   Coinbase	Polygon (MATIC)	0.2
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1

   See all 22 prices

2. 2. Choose a Polygon Lender

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

   Platform	Coin	Interest rate
   Nebeus	Polygon (MATIC)	Up to 13% APY
   Kucoin	Polygon (MATIC)	Up to 5% APY
   Wirex	Polygon (MATIC)	Up to 4.5% APY
   Gemini	Polygon (MATIC)	Up to 0.01% APY

   See all 11 lending rates

3. 3. Earn Polygon

   Once you've selected a platform to earn your Polygon, transfer your Polygon 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.