How to Lend Terra (LUNA) in the cryptocurrency market

Introduction

Lending Terra can be an excellent choice for individuals looking to hold LUNA 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 Terra (LUNA) Tokens

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

   common.provider	Coin	Price
   YouHodler	Terra (LUNA)	0.11 APY
   Binance	Terra (LUNA)	0.11 APY
   BTSE	Terra (LUNA)	0.11 APY
   Kraken	Terra (LUNA)	0.18 APY
   OKX	Terra (LUNA)	0.15 APY
   BingX	Terra (LUNA)	0.11 APY

   View all 39 prices

2. 2. Select a Terra lending platform

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

   common.provider	Coin	APY
   Bitget	Terra (LUNA)	Up to 6.5% APY
   Gemini	Terra (LUNA)	Up to 0.01% APY
   Kucoin	Terra (LUNA)	Up to 5% APY

   View all 5 loan interest rates

3. 3. Lend Your Terra for attractive APY returns

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