Where and How to Lend Maker (MKR)

Introduction

Lending Maker can be a great option for those who wish to hold MKR but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Maker (MKR) Tokens

   To lend Maker, you need to have it. To obtain Maker, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Maker (MKR)	1.48K
   Bitpanda	Maker (MKR)	1.49K
   Uphold	Maker (MKR)	1.48K
   Kraken	Maker (MKR)	1.50K
   OKX	Maker (MKR)	1.48K
   YouHodler	Maker (MKR)	1.49K

   See all 28 prices

2. 2. Select a Maker Lender

   Once you have MKR, you’ll need to choose a Maker lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Maker (MKR)	Up to 12.00 APY
   Kucoin	Maker (MKR)	Up to 0.63 APY

   See all 5 lending rates

3. 3. Lend Your Maker

   After you have selected a platform for lending your Maker, transfer your Maker into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.