Where and How to Lend Polygon (MATIC)

Introduction

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

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

   Platform	Coin	Price
   Kraken	Polygon (MATIC)	0.27
   Coinbase	Polygon (MATIC)	0.27
   Luno	Polygon (MATIC)	0.6
   Blockchain.com	Polygon (MATIC)	1

   See all 22 prices

2. 2. Select a Polygon Lender

   Once you have MATIC, you’ll need to choose a Polygon lending platform to lend your tokens. You can see 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. Lend Your Polygon

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