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Where and How to Lend Polygon (MATIC)

Earn up to
7.00 APY

Lend with Nexo

What you'll learn

  1. 1

    How to Lend Polygon (MATIC)

    An in-depth guide on how to lend Polygon (MATIC)

  2. 2

    Statistics about Polygon Lending

    We have a lot of data on lending Polygon (MATIC) and we share some of this with you.

  3. 3

    Other coins you can Lend

    We show you some lending options with other coins that could be of interest.

Introduction

Lending Polygon can be a great option for those who want to hold MATIC 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 Polygon (MATIC) Tokens

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

  2. 2. Choose a Polygon Lender

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

    PlatformCoinInterest rate
    NexoPolygon (MATIC)Up to 7.00 APY
    WirexPolygon (MATIC)Up to 4.50 APY
    EarnParkPolygon (MATIC)Up to 5.00 APY
    NebeusPolygon (MATIC)Up to 10.50 APY
    KucoinPolygon (MATIC)Up to 1.00 APY
    See all 13 lending rates
  3. 3. Lend Your Polygon

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

Latest Movements

Polygon (MATIC) is currently priced at $16.00 with a 24-hour trading volume of $5.13M. The market cap of Polygon stands at $843.92M, with $2.62B MATIC in circulation. For those looking to buy or trade Polygon, Nexo offers avenues to do so securely and efficiently}

Market cap
$843.92M
24h volume
$5.13M
Circulating supply
$2.62B
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