Where and How to Earn Eigenlayer (EIGEN) in Australia

Introduction

Lending Eigenlayer can be a great option for those who want to hold EIGEN while earning yield. The steps may seem a bit 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 Eigenlayer (EIGEN) tokens

   To lend Eigenlayer, you need to possess it. To acquire Eigenlayer, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   YouHodler	Eigenlayer (EIGEN)	1.62
   Binance	Eigenlayer (EIGEN)	1.63
   BTSE	Eigenlayer (EIGEN)	1.63
   Coinbase	Eigenlayer (EIGEN)	1.63
   Kraken	Eigenlayer (EIGEN)	1.63
   OKX	Eigenlayer (EIGEN)	1.62

   See all 52 prices

2. 2. Choose a Eigenlayer lender

   Once you have EIGEN, you'll need to choose a Eigenlayer lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Eigenlayer (EIGEN)	Up to 30% p.a.
   Kucoin	Eigenlayer (EIGEN)	Up to 3.45% p.a.

   See all 4 lending rates

3. 3. Earn Eigenlayer

   Once you've chosen a platform to earn your Eigenlayer, transfer your Eigenlayer into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.