Where and How to Lend UMA (UMA)

Introduction

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

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

   Platform	Coin	Price
   Uphold	UMA (UMA)	2.66
   Kraken	UMA (UMA)	2.65
   OKX	UMA (UMA)	2.66
   Binance	UMA (UMA)	2.66
   Coinbase	UMA (UMA)	2.66
   Bitmart	UMA (UMA)	2.66

   See all 28 prices

2. 2. Select a UMA Lender

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

   Platform	Coin	Interest rate
   Kucoin	UMA (UMA)	Up to 0.5 APY
   Gemini	UMA (UMA)	Up to 0.01 APY

3. 3. Lend Your UMA

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