Where and How to Earn Ethereum Name Service (ENS)

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Ethereum Name Service (ENS) Tokens

   To lend Ethereum Name Service, you must first acquire it. To obtain Ethereum Name Service, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   PrimeXBT	Ethereum Name Service (ENS)	9.58
   Binance	Ethereum Name Service (ENS)	9.58
   BTSE	Ethereum Name Service (ENS)	9.59
   Coinbase	Ethereum Name Service (ENS)	9.57
   Kraken	Ethereum Name Service (ENS)	9.58
   OKX	Ethereum Name Service (ENS)	24.74

   View all 62 prices

2. 2. Select a Ethereum Name Service provider in the UAE

   Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Aave	Ethereum Name Service (ENS)	Up to 0.02% APY
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% APY

   View all 4 financing rates

3. 3. Earn Ethereum Name Service

   Once you've selected a platform to earn your Ethereum Name Service, transfer your Ethereum Name Service into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Ensure that your earning platform offers compounding interest to maximize your returns.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.