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Introduction

Lending Merlin Chain is an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Merlin Chain (MERL)	0.43
   BTSE	Merlin Chain (MERL)	0.43
   Kraken	Merlin Chain (MERL)	0.43
   OKX	Merlin Chain (MERL)	0.11
   BingX	Merlin Chain (MERL)	0.43
   Bitget	Merlin Chain (MERL)	0.43

   View all 32 prices

2. 2. Select a Merlin Chain Lender

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

   Platform	Coin	Interest rate
   Bitget	Merlin Chain (MERL)	Earn up to 0.8% APY
   Kucoin	Merlin Chain (MERL)	Earn up to 0.5% APY

3. 3. Earn Merlin Chain

   After selecting a platform to earn your Merlin Chain, transfer your Merlin Chain 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.