Introduction
Lending Ethena USDe can be an excellent option for those who wish to hold USDE while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Ethena USDe (USDE) Tokens
To lend Ethena USDe, you need to possess it. To obtain Ethena USDe, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Ethena USDe Lender in the UK
Once you have USDE, you'll need to choose a Ethena USDe lending platform to lend your tokens. You can see some options here.
View all 10 loan ratesPlatform Coin AER Aave Ethena USDe (USDE) Up to 3.94% AER Bitget Ethena USDe (USDE) Up to 25% AER Compound Ethena USDe (USDE) Up to 1.98% AER Kucoin Ethena USDe (USDE) Up to 4.25% AER MEXC Global Ethena USDe (USDE) Up to 5% AER 3. Earn Ethena USDe
Once you've selected a platform to earn your Ethena USDe, transfer your Ethena USDe into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
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- Market capitalisation
- US$5.8B
- 24-hour volume
- US$115.26M
- Circulating supply
- 5.8B USDE
