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Introduction

Lending Maker is an excellent choice for those looking to hold MKR while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Maker (MKR) Tokens

   To lend Maker, you must first possess it. To acquire Maker, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Maker (MKR)	2,224.69
   PrimeXBT	Maker (MKR)	1,675.3
   YouHodler	Maker (MKR)	1,814.61
   Binance	Maker (MKR)	1,817.7
   BTSE	Maker (MKR)	1,790.92
   Coinbase	Maker (MKR)	1,517.57

   View all 71 prices

2. 2. Select a Maker Lender

   Once you have MKR, you'll need to select a Maker lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Maker (MKR)	Earn up to 12% APY
   Aave	Maker (MKR)	Earn up to 0.02% APY

   View all 8 loan rates

3. 3. Earn Maker

   After selecting a platform to earn your Maker, transfer your Maker to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.