Decentraland is the project behind the MANA token.
It’s one of the top crypto projects in the metaverse category, and MANA is a proof of work token that you can’t technically stake.
However, there are a few popular lending platforms that let you lend MANA and earn significant APY on your coin holding.
In this quick guide, we’ll look into how you can earn more MANA token using lending platforms for you to hold and earn extra rewards.
Lets get started.
How to stake MANA coins
Binance is one of the largest exchanges in the world, and they have a program where you can earn interest on MANA staking.
Here’s a simple step of how you can earn interest on MANA with Binance Earn:
- Visit and login your Binance account
- Go to ‘Wallets’ and then select ‘Earn’
- Select ‘Subscribe’ and search for MANA
- Select your preferred term for lending out MANA
- Enter the transaction details
After this, the MANA cryptocurrency you’ve deposited will start earning interest from the next day rewards.
Binance only offers a flexible lock-in period for MANA, and the interest rate is low, but you are free to redeem your funds instantly.
As such, Binance is a good choice if you intend to quickly cash in on your profits.
Best ways to stake MANA
Below are the list of platforms where you can stake MANA coins safely, without loosing your crypto investment to cyber thefts.
1. Binance Earn
Binance earn is a saving bank account product offered by the world’s most popular crypto exchange Binance.
It’s yet another great way to earn extra by putting your existing MANA coin into use with a minimum 0.01 MANA token deposits.
The best part is that there is no lock-in period, and you can even buy, or sell MANA directly on Binance exchange.
Its services are not available in a few countries like the USA, UK, and other crypto-sanctioned countries.
Celsius is a lending and borrowing platform, which has been around the cryptocurrency market for many years.
It is one of the top trusted platforms for lending crypto to earn extra rewards, and even borrow fiat against your crypto holding.
On this DeFi platform, all you need to do is deposit MANA to your Celsius MANA address (ERC20) – VOILA – you’re earn more of the token.
They do not have maximum deposit, so you can earn weekly rewards based on your holdings and current APY with a flexible lock-in period.
3. Crypto.com Earn
Crypto.com is another popular cryptocurrency exchange that offers a suite of financial products for crypto investors.
One of their product is Crypto lending that you can use to lend your MANA token, and earn rewards with staking.
3 Month term offers 2% p.a., which is one of the best in the entire market.
Have it in mind that you will need to deposit a minimum of 750 MANA token for a period of flexible 1/3 months (depending on your choice).
4. Gemini Earn
Gemini is a USA-based exchange, which offers you Earn account, where you can lend your crypto to earn juicy interest.
If you are residing in the United States of America, Gemini would definitely be your go-to platform.
On the Gemini earn page is an earning calculator that let’s you have an idea of your potential earnings by lending crypto on the platform.
Just like Celsius platform, Gemini does not have minimum deposit, and it operates on a flexible lock-in period when you’re staking MANA.
Stake MANA token
If you follow through this guide at then beginning, you’ll know that MANA crypto-coins cannot be staked technically.
However, you can always use any of the above platforms to earn extra MANA, of which Binance earn seems to be the most trusted platform.
If you don’t mind lock-in your MANA token for a bit longer period, you can lend it for 3 months and earn 2% per annum.
Personally, I would recommend Binance exchange platform for staking your MANA crypto-coins for safety.