How to Lend Merlin Chain (MERL): A Step-by-Step Guide

Introduction

Lending Merlin Chain can be a great option for those who want to hold MERL but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Merlin Chain (MERL) Tokens
In order to lend Merlin Chain, you need to have it. To obtain Merlin Chain, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Merlin Chain (MERL) 0.26
BTSE Merlin Chain (MERL) 0.26
Kraken Merlin Chain (MERL) 0.26
OKX Merlin Chain (MERL) 0.11
BingX Merlin Chain (MERL) 0.26
Bitget Merlin Chain (MERL) 0.26
See all 32 prices
2. Choose 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 0.8% APY
Kucoin Merlin Chain (MERL) Up to 0.5% APY
3. Lend Your Merlin Chain
Once you’ve chosen a platform to lending your Merlin Chain, transfer your Merlin Chain into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	Merlin Chain (MERL)	0.26
BTSE	Merlin Chain (MERL)	0.26
Kraken	Merlin Chain (MERL)	0.26
OKX	Merlin Chain (MERL)	0.11
BingX	Merlin Chain (MERL)	0.26
Bitget	Merlin Chain (MERL)	0.26

Platform	Coin	Interest rate
Bitget	Merlin Chain (MERL)	Up to 0.8% APY
Kucoin	Merlin Chain (MERL)	Up to 0.5% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Merlin Chain (MERL) is currently priced at US$0.8 with a 24-hour trading volume of US$11.1M. The market cap of Merlin Chain stands at US$110.34M, with 487.48M MERL in circulation. For those looking to buy or trade Merlin Chain, Bitget offers avenues to do so securely and efficiently}

Market cap: US$110.34M
24h volume: US$11.1M
Circulating supply: 487.48M MERL

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