How to Lend Illuvium (ILV) in Australia

Introduction

Lending Illuvium can be a great option for those who want to hold ILV 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 Illuvium (ILV) Tokens

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

   Platform	Coin	Cost
   YouHodler	Illuvium (ILV)	14.48
   Uphold	Illuvium (ILV)	13.27
   OKX	Illuvium (ILV)	14.65
   Binance	Illuvium (ILV)	14.46
   BTSE	Illuvium (ILV)	14.48
   Coinbase	Illuvium (ILV)	14.48

   See all 45 prices

2. 2. Choose a Illuvium lender

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

   Platform	Coin	Interest rate
   YouHodler	Illuvium (ILV)	Up to 12% p.a.
   Kucoin	Illuvium (ILV)	Up to 0.5% p.a.

   See all 4 lending rates

3. 3. Lend Your Illuvium

   Once you've chosen a platform to lend your Illuvium, transfer your Illuvium 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.