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Introduction

Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) tokens

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

   Platform	Coin	Cost
   PrimeXBT	Wormhole (W)	0.03
   YouHodler	Wormhole (W)	0.03
   Binance	Wormhole (W)	0.03
   BTSE	Wormhole (W)	0.03
   Coinbase	Wormhole (W)	0.03
   OKX	Wormhole (W)	0.08

   See all 44 prices

2. 2. Choose a Wormhole lender

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

   Platform	Coin	Interest rate
   YouHodler	Wormhole (W)	Up to 16% p.a.
   Bitget	Wormhole (W)	Up to 0.8% p.a.
   Kucoin	Wormhole (W)	Up to 0.5% p.a.

   See all 5 lending rates

3. 3. Earn Wormhole

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