How to Lend Metal DAO (MTL)

Introduction

Lending Metal DAO can be an excellent choice for those looking to hold MTL 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 Metal DAO (MTL) Tokens

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

   Platform	Mint	Cost
   Binance	Metal DAO (MTL)	0,73
   Coinbase	Metal DAO (MTL)	1,46
   Uphold	Metal DAO (MTL)	0,77
   BingX	Metal DAO (MTL)	0,73
   Bitget	Metal DAO (MTL)	0,73
   Bitpanda	Metal DAO (MTL)	1,47

   View all 24 prices

2. 2. Select a Metal DAO Lender

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

   Platform	Mint	APY
   Kucoin	Metal DAO (MTL)	Up to 0,5% APY

3. 3. Lend Your Metal DAO

   Once you've selected a platform to lend your Metal DAO, transfer your Metal DAO 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.