Where and How to Lend POL (ex-MATIC) (POL)

Introduction

Lending POL (ex-MATIC) can be a great option for those who want to hold POL 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 POL (ex-MATIC) (POL) Tokens

   In order to lend POL (ex-MATIC), you need to have it. To obtain POL (ex-MATIC), you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	POL (ex-MATIC) (POL)	0.45
   Bitpanda	POL (ex-MATIC) (POL)	0.45
   Klink	POL (ex-MATIC) (POL)	0.45
   Kraken	POL (ex-MATIC) (POL)	0.42
   OKX	POL (ex-MATIC) (POL)	0.45

   See all 26 prices

2. 2. Choose a POL (ex-MATIC) Lender

   Once you have POL, you’ll need to choose a POL (ex-MATIC) lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	POL (ex-MATIC) (POL)	Up to 16 APY
   Bitget	POL (ex-MATIC) (POL)	Up to 4.2 APY

3. 3. Lend Your POL (ex-MATIC)

   Once you’ve chosen a platform to lending your POL (ex-MATIC), transfer your POL (ex-MATIC) 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.