Where and How to Lend Numeraire (NMR)

Introduction

Lending Numeraire can be a great option for those who want to hold NMR 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. Acquire Numeraire (NMR) Tokens

   To be able to lend Numeraire, you need to have it. To get Numeraire, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Uphold	Numeraire (NMR)	7.08
   Kraken	Numeraire (NMR)	7.13
   OKX	Numeraire (NMR)	9.08
   Binance	Numeraire (NMR)	7.09
   BTSE	Numeraire (NMR)	7.09
   Coinbase	Numeraire (NMR)	7.06

   See all 45 prices

2. 2. Choose a Numeraire Lender

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

   Platform	Coin	Interest rate
   Kucoin	Numeraire (NMR)	Up to 0.5 APY

3. 3. Lend Your Numeraire

   Once you’ve chosen a platform to lend your Numeraire, transfer your Numeraire 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.