Introduction

Lending MANTRA can be a great option for those who want to hold mantra 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. 1. Obtain MANTRA (mantra) Tokens

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

  2. 2. Choose a MANTRA Lender

    Once you have mantra, you'll need to choose a MANTRA lending platform to lend your tokens. You can see some options here.

  3. 3. Lend Your MANTRA

    Once you've chosen a platform to lend your MANTRA, transfer your MANTRA 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.

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Earn High Yields on Your Crypto with Nexo