Where & how to lend Moonriver (MOVR)

Introduction

Lending Moonriver can be a great option for those who want to hold MOVR 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 Moonriver (MOVR) tokens

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

   Platform	Coin	Price
   Bitpanda	Moonriver (MOVR)	$9.36
   Uphold	Moonriver (MOVR)	$9.35
   Kraken	Moonriver (MOVR)	$9.4
   OKX	Moonriver (MOVR)	$9.36
   Binance	Moonriver (MOVR)	$9.36
   BingX	Moonriver (MOVR)	$9.39

   See all 12 prices

2. 2. Choose a Moonriver lender

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

   Platform	Coin	Interest rate
   Kucoin	Moonriver (MOVR)	Up to 0.5% APY
   OKX	Moonriver (MOVR)	Up to 1% APY

3. 3. Lend your Moonriver

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