How to Lend THORChain (RUNE) in the cryptocurrency market

Introduction

Lending THORChain can be an excellent choice for individuals looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Platform	Coin	Price
   Nexo	THORChain (RUNE)	0.58 APY
   PrimeXBT	THORChain (RUNE)	0.58 APY
   Binance	THORChain (RUNE)	0.58 APY
   Coinbase	THORChain (RUNE)	5.44 APY
   Kraken	THORChain (RUNE)	0.58 APY
   Uphold	THORChain (RUNE)	1.17 APY

   View all 40 prices

2. 2. Select a THORChain lending platform

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

   Platform	Coin	APY
   Kucoin	THORChain (RUNE)	Up to 0.5% APY

3. 3. Lend Your THORChain for attractive APY returns

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