How to Lend Metis (METIS)

Introduction

Lending Metis can be an excellent choice for those looking to hold METIS 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 Metis (METIS) Tokens

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

   E-platform	Coin	Cost
   Binance	Metis (METIS)	10.67 APY
   BTSE	Metis (METIS)	10.7 APY
   Coinbase	Metis (METIS)	10.77 APY
   Kraken	Metis (METIS)	10.94 APY
   OKX	Metis (METIS)	17.86 APY
   Uphold	Metis (METIS)	18.62 APY

   See all 40 prices in Uganda

2. 2. Select a Metis Lender

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

   E-platform	Coin	APY
   Aave	Metis (METIS)	Up to 0.02% APY
   Kucoin	Metis (METIS)	Up to 0.41% APY

   View all 4 APY rates

3. 3. Lend Your Metis

   Once you've selected a platform to lend your Metis, transfer your Metis 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.