How to Lend Ethena USDe (USDE) in Australia

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. 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

2. 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 1.98% 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. 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. 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.