Where and How to Lend Merlin Chain (MERL)

Introduction

Lending Merlin Chain can be a great option for those who wish to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Price
   Bitpanda	Merlin Chain (MERL)	0.31
   OKX	Merlin Chain (MERL)	0.31
   Bitmart	Merlin Chain (MERL)	0.31
   MEXC Global	Merlin Chain (MERL)	0.31
   BingX	Merlin Chain (MERL)	0.31
   Bitget	Merlin Chain (MERL)	0.30

   See all 13 prices

2. 2. Select a Merlin Chain Lender

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

   Platform	Coin	Interest rate
   Bitget	Merlin Chain (MERL)	Up to 0.80 APY
   Kucoin	Merlin Chain (MERL)	Up to 0.50 APY

3. 3. Lend Your Merlin Chain

   After you have selected a platform for lending your Merlin Chain, transfer your Merlin Chain 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.