Introduction
Lending MAP Protocol can be a great option for those who want to hold MAPO 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. Acquire MAP Protocol (MAPO) Tokens
To be able to lend MAP Protocol, you need to have it. To get MAP Protocol, you’ll have to buy it. You can pick from these popular exchanges.
2. Choose a MAP Protocol Lender
Once you have MAPO, you’ll need to choose a MAP Protocol lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Bitget MAP Protocol (MAPO) Up to 1% APY 3. Lend Your MAP Protocol
Once you’ve chosen a platform to lend your MAP Protocol, transfer your MAP Protocol 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
MAP Protocol (MAPO) is currently priced at USD 1 with a 24-hour trading volume of USD 668,891. The market cap of MAP Protocol stands at USD 48.96M, with 5.47B MAPO in circulation. For those looking to buy or trade MAP Protocol, Bitget offers avenues to do so securely and efficiently
- Market cap
- USD 48.96M
- 24h volume
- USD 668,891
- Circulating supply
- 5.47B MAPO