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 Guide
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.
See all 20 pricesPlatform Coin Price Nexo Maker (MKR) 1.20K Bitpanda Maker (MKR) 1.22K Wirex Maker (MKR) 1.22K Uphold Maker (MKR) 1.20K Kraken Maker (MKR) 1.27K OKX Maker (MKR) 1.21K 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.
See all 5 lending ratesPlatform Coin Interest rate YouHodler Maker (MKR) Up to 12.00 APY Kucoin Maker (MKR) Up to 1.08 APY 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. 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
Maker (MKR) is currently priced at $1.08 with a 24-hour trading volume of $145.25M. The market cap of Maker stands at $1.05B, with $871.24K MKR in circulation. For those looking to buy or trade Maker, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $1.05B
- 24h volume
- $145.25M
- Circulating supply
- $871.24K