Where and How to Lend Terra Classic (Wormhole) (LUNC)

Introduction

Lending Terra Classic (Wormhole) can be a great option for those who want to hold LUNC but earn yield. The steps can be a little 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. Get Terra Classic (Wormhole) (LUNC) Tokens

   To lend Terra Classic (Wormhole), you need to have it. To get Terra Classic (Wormhole), you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00005601
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.00005592
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00005594
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00005584
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.0000559

   See all 10 prices

2. 2. Choose a Terra Classic (Wormhole) Lender

   Once you have LUNC, you’ll need to choose a Terra Classic (Wormhole) lending platform to lend your tokens. You can see some options here.

   Platform	Loonies	Interest rate
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 0.5% annual percentage yield

3. 3. Lend Your Terra Classic (Wormhole)

   Once you’ve chosen a platform for lending your Terra Classic (Wormhole), transfer your Terra Classic (Wormhole) into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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. Try to make sure your lending platform pays compounding interest to maximize your returns.

What to be Aware of

Loaning your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check out their lending practices, reviews, and how they secure your cryptocurrency.