How to Lend Ethereum Name Service (ENS)

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

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

   To lend Ethereum Name Service, you first need to possess it. To acquire Ethereum Name Service, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   PrimeXBT	Ethereum Name Service (ENS)	9,46 APY
   Binance	Ethereum Name Service (ENS)	9,47 APY
   BTSE	Ethereum Name Service (ENS)	9,47 APY
   Coinbase	Ethereum Name Service (ENS)	9,46 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 provider

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

   Plattform	Kryptowährung	APY
   Aave	Ethereum Name Service (ENS)	Up to 0,02 % APY
   Kucoin	Ethereum Name Service (ENS)	Up to 0,5 % APY

   View all 4 lending APY rates

3. 3. Lend Your Ethereum Name Service in Germany

   Once you've selected a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.