How to Lend Ethena (ENA): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Ethena can be an excellent choice for Canadians looking to hold ENA while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for Canadians

1. Acquire Ethena (ENA) Tokens in Canada
To lend Ethena in Canada, you first need to acquire it. To obtain Ethena, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
PrimeXBT Ethena (ENA) 0.2
YouHodler Ethena (ENA) 0.2
Binance Ethena (ENA) 0.2
BTSE Ethena (ENA) 0.2
Coinbase Ethena (ENA) 0.2
Kraken Ethena (ENA) 0.2
See all 55 prices in Canada
2. Choose a Ethena Lender in Canada
Once you have ENA, you'll need to choose a Ethena lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
YouHodler Ethena (ENA) Up to 16% APY in Canada
Blockchain.com Ethena (ENA) Up to 12% APY in Canada
Kucoin Ethena (ENA) Up to 0.5% APY in Canada
See all 5 lending rates in Canada
3. Lend Your Ethena in Canada
Once you've selected a platform to lend your Ethena, transfer your Ethena into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in Canada
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a lending platform that offers compounding interest to maximise your returns.

Platform	Coin	Cost
PrimeXBT	Ethena (ENA)	0.2
YouHodler	Ethena (ENA)	0.2
Binance	Ethena (ENA)	0.2
BTSE	Ethena (ENA)	0.2
Coinbase	Ethena (ENA)	0.2
Kraken	Ethena (ENA)	0.2

Platform	Coin	APY
YouHodler	Ethena (ENA)	Up to 16% APY in Canada
Blockchain.com	Ethena (ENA)	Up to 12% APY in Canada
Kucoin	Ethena (ENA)	Up to 0.5% APY in Canada

What Canadians Should Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.