Where and How to Earn UMA (UMA)

Introduction

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

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

   Platform	Coin	Price
   Uphold	UMA (UMA)	1.09
   Kraken	UMA (UMA)	1.08
   OKX	UMA (UMA)	1.4
   Binance	UMA (UMA)	1.09
   Coinbase	UMA (UMA)	1.09
   Blockchain.com	UMA (UMA)	3.32

   See all 55 prices

2. 2. Choose a UMA Lender

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

   Platform	Coin	Interest rate
   Gemini	UMA (UMA)	Up to 0.01% APY

   See all 4 lending rates

3. 3. Earn UMA

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