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Introduction

Lending Polygon can be an excellent choice for those looking to hold MATIC while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. 1. Acquire Polygon (MATIC) Tokens

   To lend Polygon, you must first acquire it. To obtain Polygon, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Binance	Polygon (MATIC)	0.38
   Coinbase	Polygon (MATIC)	0.2
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   Bake	Polygon (MATIC)	0.24

   See all 24 prices

2. 2. Choose a Polygon Lender

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

   Platform	Coin	Interest rate
   Nebeus	Polygon (MATIC)	Up to 13% APY
   Coinbase	Polygon (MATIC)	Up to 2.91% APY
   Gemini	Polygon (MATIC)	Up to 0.01% APY
   Kucoin	Polygon (MATIC)	Up to 5% APY

   See all 11 lending rates

3. 3. Earn Polygon

   Once you've selected a platform to earn your Polygon, transfer your Polygon into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

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

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.