How to Lend $WEN (Stacks) (WEN) in Australia

Introduction

Lending $WEN (Stacks) can be a great option for those who want to hold WEN 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 $WEN (Stacks) (WEN) Tokens

   To lend $WEN (Stacks), you need to possess it. To acquire $WEN (Stacks), you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Uphold	$WEN (Stacks) (WEN)	0.00004285
   Bitstamp	$WEN (Stacks) (WEN)	0.0000065
   CoinEx	$WEN (Stacks) (WEN)	0.000006746
   Crypto.com	$WEN (Stacks) (WEN)	0.00000677
   Gate.io	$WEN (Stacks) (WEN)	0.000006765
   Hotcoin	$WEN (Stacks) (WEN)	0.00003883

   See all 24 prices

2. 2. Choose a $WEN (Stacks) lender

   Once you have WEN, you'll need to choose a $WEN (Stacks) lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	$WEN (Stacks) (WEN)	Up to 0.5% p.a.

3. 3. Lend Your $WEN (Stacks)

   Once you've chosen a platform to lend your $WEN (Stacks), transfer your $WEN (Stacks) 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.