How to Lend Ethena (ENA): A Step-by-Step Guide

Introduction

Lending Ethena can be a great option for those who want to hold ENA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Ethena (ENA) Tokens
In order to lend Ethena, you need to have it. To obtain Ethena, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Ethena (ENA) 0,23
YouHodler Ethena (ENA) 0,23
Binance Ethena (ENA) 0,23
BTSE Ethena (ENA) 0,23
Coinbase Ethena (ENA) 0,23
Kraken Ethena (ENA) 0,23
See all 55 prices
2. Choose a Ethena Lender
Once you have ENA, you’ll need to choose a Ethena lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
YouHodler Ethena (ENA) Up to 16% APY
Blockchain.com Ethena (ENA) Up to 12% APY
Kucoin Ethena (ENA) Up to 0,5% APY
See all 5 lending rates
3. Lend Your Ethena
Once you’ve chosen a platform to lending your Ethena, transfer your Ethena into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	Ethena (ENA)	0,23
YouHodler	Ethena (ENA)	0,23
Binance	Ethena (ENA)	0,23
BTSE	Ethena (ENA)	0,23
Coinbase	Ethena (ENA)	0,23
Kraken	Ethena (ENA)	0,23

Platform	Coin	Interest rate
YouHodler	Ethena (ENA)	Up to 16% APY
Blockchain.com	Ethena (ENA)	Up to 12% APY
Kucoin	Ethena (ENA)	Up to 0,5% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

missing en-fr translation: common.latest-movements-copy

Market cap: US$2.82B
24h volume: US$577.71M
Circulating supply: 3,03B ENA

See latest information

Frequently Asked Questions About Lending Ethena (ENA)

What are the current lending rates for Ethena (ENA)?: Ethena offers a total of two lending rates, with an average rate of 0.258%. The best lending rate available can be found on YouHodler. It is essential to stay updated with Bitcompare for real-time comparisons and alerts regarding Ethena's lending rates. Regularly checking the platform can help you make informed decisions based on the latest data and market trends.