How to Lend Illuvium (ILV) in the cryptocurrency market

Introduction

Lending Illuvium can be an excellent choice for individuals looking to hold ILV 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 Illuvium (ILV) Tokens

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

   平台	Coin	Price
   YouHodler	Illuvium (ILV)	10.91 APY
   Binance	Illuvium (ILV)	10.91 APY
   BTSE	Illuvium (ILV)	10.91 APY
   Coinbase	Illuvium (ILV)	10.91 APY
   OKX	Illuvium (ILV)	11.32 APY
   Uphold	Illuvium (ILV)	13.27 APY

   View all 45 prices

2. 2. Select a Illuvium lending platform

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

   平台	Coin	APY
   YouHodler	Illuvium (ILV)	Up to 12% APY
   Kucoin	Illuvium (ILV)	Up to 0.5% APY

   View all 4 loan interest rates

3. 3. Lend Your Illuvium for attractive APY returns

   After selecting a platform to lend your Illuvium, transfer your Illuvium 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