Where and How to Lend Memecoin (mem)

Introduction

Lending Memecoin can be a great option for those who want to hold mem but earn yield. The steps can be a bit 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 Memecoin (mem) Tokens

   To lend Memecoin, you need to have it. To get Memecoin, you’ll need to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Uphold	Memecoin (mem)	0
   YouHodler	Memecoin (mem)	0
   OKX	Memecoin (mem)	0
   Binance	Memecoin (mem)	0
   BTSE	Memecoin (mem)	0
   Gate.io	Memecoin (mem)	0

   See all 24 prices

2. 2. Choose a Memecoin Lender

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

   Platform	Coin	Interest rate
   YouHodler	Memecoin (mem)	Up to 16% APY

   See all 4 lending rates

3. 3. Lend Your Memecoin

   Once you’ve chosen a platform to lend your Memecoin, transfer your Memecoin into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 compound 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.