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Introduction

Lending Ethena can be a great option for those who want to hold ENA 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 Ethena (ENA) tokens

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

   Platform	Coin	Cost
   PrimeXBT	Ethena (ENA)	0.2
   YouHodler	Ethena (ENA)	0.2
   Binance	Ethena (ENA)	0.2
   BTSE	Ethena (ENA)	0.2
   Coinbase	Ethena (ENA)	0.2
   Kraken	Ethena (ENA)	0.2

   See all 55 prices

2. 2. Choose a Ethena lender

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

   Platform	Coin	Interest rate
   YouHodler	Ethena (ENA)	Up to 16% p.a.
   Blockchain.com	Ethena (ENA)	Up to 12% p.a.
   Kucoin	Ethena (ENA)	Up to 0.5% p.a.

   See all 5 lending rates

3. 3. Earn Ethena

   Once you've chosen a platform to earn your Ethena, transfer your Ethena 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.