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

Introduction

Lending Ethena USDe can be a great option for those who want to hold USDE 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 USDe (USDE) Tokens
To lend Ethena USDe, you need to possess it. To acquire Ethena USDe, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Ethena USDe (USDE) 1
Kraken Ethena USDe (USDE) 1
Bitget Ethena USDe (USDE) 1
Bitmart Ethena USDe (USDE) 1
CoinList Ethena USDe (USDE) 1
Gate.io Ethena USDe (USDE) 1
See all 12 prices

Platform	Coin	Cost
Binance	Ethena USDe (USDE)	1
Kraken	Ethena USDe (USDE)	1
Bitget	Ethena USDe (USDE)	1
Bitmart	Ethena USDe (USDE)	1
CoinList	Ethena USDe (USDE)	1
Gate.io	Ethena USDe (USDE)	1

2. Choose a Ethena USDe lender

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

Platform	Coin	Interest rate
Aave	Ethena USDe (USDE)	Up to 3.94% p.a.
Bitget	Ethena USDe (USDE)	Up to 25% p.a.
Compound	Ethena USDe (USDE)	Up to 2.55% p.a.
Kucoin	Ethena USDe (USDE)	Up to 5% p.a.
MEXC Global	Ethena USDe (USDE)	Up to 5% p.a.

See all 10 lending rates

3. Lend Your Ethena USDe
Once you've chosen a platform to lend your Ethena USDe, transfer your Ethena USDe 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.

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.