How to Lend Ethena (ENA) in Australia: A Step-by-Step Guide

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. 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. 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. Lend Your Ethena
Once you've chosen a platform to lend your Ethena, transfer your Ethena into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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 lending platform pays compounding interest to maximise your returns.

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

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.

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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.