Where & how to lend Maker (MKR)

Introduction

Lending Maker can be a great option for those who want to hold MKR 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. 1. Obtain Maker (MKR) tokens

   In order to lend Maker, you need to have it. To obtain Maker, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Maker (MKR)	$1,579
   M2	Maker (MKR)	$1,577
   Uphold	Maker (MKR)	$2,051
   Wirex	Maker (MKR)	$1,587
   Kraken	Maker (MKR)	$1,577
   OKX	Maker (MKR)	$1,577

   See all 20 prices

2. 2. Choose a Maker lender

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

   Platform	Coin	Interest rate
   YouHodler	Maker (MKR)	Up to 11% APY
   Aave	Maker (MKR)	Up to 0.0239% APY

   See all 5 lending rates

3. 3. Lend your Maker

   Once you’ve chosen a platform to lending your Maker, transfer your Maker 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. 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.