Introduction
Lending Decentraland can be a great option for those who want to hold MANA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain Decentraland (MANA) tokens
In order to lend Decentraland, you need to have it. To obtain Decentraland, you’ll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Bitpanda Decentraland (MANA) $0.2551 YouHodler Decentraland (MANA) $0.2543 Uphold Decentraland (MANA) $0.2856 Wirex Decentraland (MANA) $0.2559 Kraken Decentraland (MANA) $0.2539 OKX Decentraland (MANA) $0.2536 2. Choose a Decentraland lender
Once you have MANA, you’ll need to choose a Decentraland lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Decentraland (MANA) Up to 11% APY OKX Decentraland (MANA) Up to 1% APY Kucoin Decentraland (MANA) Up to 0.6074% APY 3. Lend your Decentraland
Once you’ve chosen a platform to lending your Decentraland, transfer your Decentraland into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
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 compounding 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.
Latest movements
Decentraland (MANA) is currently priced at $0.253 with a 24-hour trading volume of $29.36M. In the last 24 hours, Decentraland has seen an increase of 1.77%. The market cap of Decentraland stands at 474.47M, with $1.87B MANA in circulation. For those looking to buy or trade Decentraland, reputable platforms like Bitpanda, YouHodler and Wirex offer avenues to do so securely and efficiently.
- Market cap
- $474.47M
- 24h Volume
- $29.36M
- Circulating supply
- $1.87B