How to Lend MAI (mai)

Introduction

Lending MAI can be an excellent choice for those looking to hold mai while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire MAI (mai) Tokens

   To lend MAI, you first need to possess it. To acquire MAI, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Bitget	MAI (mai)	0.000018 APY
   MEXC Global	MAI (mai)	0.000078 APY

2. 2. Select a MAI Lender

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

   E-platform	Coin	APY
   Aave	MAI (mai)	Up to 0.12% APY

3. 3. Lend Your MAI

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

4. 4. Grow Your Savings

   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 maximise your earnings.

What to Keep in Mind

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 take to secure your cryptocurrency.