How to Lend Wormhole (W): A Step-by-Step Guide

Introduction

Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) Tokens
In order to lend Wormhole, you need to have it. To obtain Wormhole, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Wormhole (W) 0,04
YouHodler Wormhole (W) 0,04
Binance Wormhole (W) 0,04
BTSE Wormhole (W) 0,04
Coinbase Wormhole (W) 0,04
OKX Wormhole (W) 0,08
See all 44 prices
2. Choose a Wormhole Lender
Once you have W, you’ll need to choose a Wormhole lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
YouHodler Wormhole (W) Up to 16% APY
Bitget Wormhole (W) Up to 0,8% APY
Kucoin Wormhole (W) Up to 0,5% APY
See all 5 lending rates
3. Lend Your Wormhole
Once you’ve chosen a platform to lending your Wormhole, transfer your Wormhole 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	Wormhole (W)	0,04
YouHodler	Wormhole (W)	0,04
Binance	Wormhole (W)	0,04
BTSE	Wormhole (W)	0,04
Coinbase	Wormhole (W)	0,04
OKX	Wormhole (W)	0,08

Platform	Coin	Interest rate
YouHodler	Wormhole (W)	Up to 16% APY
Bitget	Wormhole (W)	Up to 0,8% APY
Kucoin	Wormhole (W)	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.