How to Lend Ethereum Name Service (ENS) in Australia

Introduction

Lending Ethereum Name Service can be a great option for those who want to hold ENS 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 Ethereum Name Service (ENS) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Ethereum Name Service (ENS)	10.29
   Binance	Ethereum Name Service (ENS)	10.3
   BTSE	Ethereum Name Service (ENS)	10.29
   Coinbase	Ethereum Name Service (ENS)	10.28
   Kraken	Ethereum Name Service (ENS)	10.28
   OKX	Ethereum Name Service (ENS)	24.74

   See all 62 prices

2. 2. Choose a Ethereum Name Service lender

   Once you have ENS, you'll need to choose a Ethereum Name Service lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Ethereum Name Service (ENS)	Up to 0.02% p.a.
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% p.a.

   See all 4 lending rates

3. 3. Lend Your Ethereum Name Service

   Once you've chosen a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service 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.