How to Lend Ethernity Chain (ERN) in Australia: A Step-by-Step Guide

Introduction

Lending Ethernity Chain can be a great option for those who want to hold ERN 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 Ethernity Chain (ERN) Tokens

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

Platform	Coin	Cost
Binance	Ethernity Chain (ERN)	2.18
Coinbase	Ethernity Chain (ERN)	0.71
OKX	Ethernity Chain (ERN)	2.19
BingX	Ethernity Chain (ERN)	2.13
Bitmart	Ethernity Chain (ERN)	2.12
Bitpanda	Ethernity Chain (ERN)	2.8

See all 31 prices

2. Choose a Ethernity Chain lender
Once you have ERN, you'll need to choose a Ethernity Chain lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Ethernity Chain (ERN) Up to 0.5% p.a.
3. Lend Your Ethernity Chain
Once you've chosen a platform to lend your Ethernity Chain, transfer your Ethernity Chain 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	Interest rate
Kucoin	Ethernity Chain (ERN)	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.