Where and How to Lend Decentraland (MANA)

Introduction

Lending Decentraland can be a great option for those who want to hold MANA 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. 1. Obtain Decentraland (MANA) Tokens

   In order to lend Decentraland, you need to have it. To obtain Decentraland, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Decentraland (MANA)	0.42
   Bitpanda	Decentraland (MANA)	0.41
   Uphold	Decentraland (MANA)	0.34
   PrimeXBT	Decentraland (MANA)	0.41
   Kraken	Decentraland (MANA)	0.36
   OKX	Decentraland (MANA)	0.41

   See all 23 prices

2. 2. Choose a Decentraland Lender

   Once you have MANA, you’ll need to choose a Decentraland lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Decentraland (MANA)	Up to 12 APY
   Kucoin	Decentraland (MANA)	Up to 0.08 APY
   OKX	Decentraland (MANA)	Up to 1 APY

   See all 4 lending rates

3. 3. Lend Your Decentraland

   Once you’ve chosen a platform to lending your Decentraland, transfer your Decentraland 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. 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.

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.