How to Lend Ethereum Name Service (ENS) in the cryptocurrency market

Introduction

Lending Ethereum Name Service can be an excellent choice for individuals looking to hold ENS while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Ethereum Name Service (ENS) Tokens

   To lend Ethereum Name Service, you must first possess it. To acquire Ethereum Name Service, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   PrimeXBT	Ethereum Name Service (ENS)	9.48 APY
   Binance	Ethereum Name Service (ENS)	9.49 APY
   BTSE	Ethereum Name Service (ENS)	9.49 APY
   Coinbase	Ethereum Name Service (ENS)	9.48 APY
   Kraken	Ethereum Name Service (ENS)	9.48 APY
   OKX	Ethereum Name Service (ENS)	24.74 APY

   View all 62 prices

2. 2. Select a Ethereum Name Service lending platform

   Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Aave	Ethereum Name Service (ENS)	Up to 0.02% APY
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% APY

   View all 4 loan interest rates

3. 3. Lend Your Ethereum Name Service for attractive APY returns

   After selecting a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks