How to Lend Decentraland (MANA)

Introduction

Lending Decentraland can be an excellent choice for those looking to hold MANA while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Decentraland (MANA) Tokens

   To lend Decentraland, you first need to possess it. To acquire Decentraland, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	Decentraland (MANA)	0,12
   PrimeXBT	Decentraland (MANA)	0,12
   YouHodler	Decentraland (MANA)	0,12
   Binance	Decentraland (MANA)	0,12
   BTSE	Decentraland (MANA)	0,12
   OKX	Decentraland (MANA)	0,23

   View all 51 prices

2. 2. Select a Decentraland Lender

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

   Platform	Mint	APY
   YouHodler	Decentraland (MANA)	Up to 12% APY
   Gemini	Decentraland (MANA)	Up to 0,01% APY

   View all 4 lending APYs

3. 3. Lend Your Decentraland

   Once you've selected a platform to lend your Decentraland, transfer your Decentraland into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.