How to Lend Metal DAO (MTL): A Step-by-Step Guide for Ugandans

Introduction

Lending Metal DAO can be an excellent choice for those looking to hold MTL 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. Acquire Metal DAO (MTL) Tokens
To lend Metal DAO, you first need to possess it. To acquire Metal DAO, you will have to buy it. You can select from these popular exchanges available in Uganda.
E-platform Coin Cost
PrimeXBT Metal DAO (MTL) 0.35 APY
Binance Metal DAO (MTL) 0.35 APY
Coinbase Metal DAO (MTL) 1.46 APY
Uphold Metal DAO (MTL) 0.77 APY
BingX Metal DAO (MTL) 0.35 APY
Bitget Metal DAO (MTL) 0.35 APY
See all 25 prices in Uganda
2. Select a Metal DAO Lender
Once you have MTL, you'll need to select a Metal DAO lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
Kucoin Metal DAO (MTL) Up to 0.5% APY
3. Lend Your Metal DAO
Once you've selected a platform to lend your Metal DAO, transfer your Metal DAO 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. 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.

E-platform	Coin	Cost
PrimeXBT	Metal DAO (MTL)	0.35 APY
Binance	Metal DAO (MTL)	0.35 APY
Coinbase	Metal DAO (MTL)	1.46 APY
Uphold	Metal DAO (MTL)	0.77 APY
BingX	Metal DAO (MTL)	0.35 APY
Bitget	Metal DAO (MTL)	0.35 APY

E-platform	Coin	APY
Kucoin	Metal DAO (MTL)	Up to 0.5% APY

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.