Where & how to lend Polygon (MATIC)

Introduction

Lending Polygon can be a great option for those who want to hold MATIC 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 Polygon (MATIC) tokens

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

   Platform	Coin	Price
   Bitpanda	Polygon (MATIC)	$0.374
   M2	Polygon (MATIC)	$0.3689
   YouHodler	Polygon (MATIC)	$0.3689
   Uphold	Polygon (MATIC)	$0.5183
   Wirex	Polygon (MATIC)	$0.3712
   EarnPark	Polygon (MATIC)	$0.3684

   See all 23 prices

2. 2. Choose a Polygon lender

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

   Platform	Coin	Interest rate
   Nexo	Polygon (MATIC)	Up to 7% APY
   M2	Polygon (MATIC)	Up to 4.6% APY
   YouHodler	Polygon (MATIC)	Up to 16% APY
   Wirex	Polygon (MATIC)	Up to 4.5% APY
   EarnPark	Polygon (MATIC)	Up to 5% APY
   Klink	Polygon (MATIC)	Up to 4.5% APY

   See all 13 lending rates

3. 3. Lend your Polygon

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