Where and How to Lend Metal DAO (MTL)

Introduction

Lending Metal DAO can be a great option for those who want to hold MTL 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 Metal DAO (MTL) Tokens

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

   Platform	Coin	Price
   Bitpanda	Metal DAO (MTL)	1.09
   Uphold	Metal DAO (MTL)	1.08
   Binance	Metal DAO (MTL)	1.08
   Coinbase	Metal DAO (MTL)	1.14
   Bitmart	Metal DAO (MTL)	1.31
   BingX	Metal DAO (MTL)	1.10

   See all 11 prices

2. 2. Choose a Metal DAO Lender

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

   Platform	Coin	Interest rate
   Kucoin	Metal DAO (MTL)	Up to 0.50 APY

3. 3. Lend Your Metal DAO

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