Where and How to Lend Wormhole (W)

Introduction

Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) Tokens

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

   Platform	Loonies	Price
   YouHodler	Wormhole (W)	0.1
   OKX	Wormhole (W)	0.08
   Binance	Wormhole (W)	0.1
   BTSE	Wormhole (W)	0.1
   MEXC Global	Wormhole (W)	0.1
   Bitget	Wormhole (W)	0.1

   See all 41 prices

2. 2. Choose a Wormhole Lender

   Once you have W, you’ll need to choose a Wormhole lending platform to lend your tokens. You can see some options here.

   Platform	Loonies	Interest rate
   YouHodler	Wormhole (W)	Up to 16% annual percentage yield
   Bitget	Wormhole (W)	Up to 0.8% annual percentage yield
   Kucoin	Wormhole (W)	Up to 0.5% annual percentage yield

   See all 5 lending rates

3. 3. Lend Your Wormhole

   Once you’ve chosen a platform for lending your Wormhole, transfer your 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.