How to Lend Maker (MKR)

Introduction

Lending Maker can be an excellent choice for those looking to hold MKR while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Maker (MKR) Tokens

   To lend Maker, you must first possess it. To acquire Maker, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	Maker (MKR)	2.224,69 APY
   PrimeXBT	Maker (MKR)	1.675,3 APY
   YouHodler	Maker (MKR)	1.814,61 APY
   Binance	Maker (MKR)	1.813,7 APY
   BTSE	Maker (MKR)	1.790,92 APY
   Coinbase	Maker (MKR)	1.517,61 APY

   Check out all 71 prices

2. 2. Select a Maker Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	Maker (MKR)	Up to 12% APY
   Aave	Maker (MKR)	Up to 0,02% APY

   Discover all 8 lending APY rates

3. 3. Lend Your Maker in Italy

   Once you've selected a platform to lend your Maker, transfer your Maker into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks