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Introduction

Lending Ethereum Name Service can be an excellent option for those who wish to hold ENS 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. 1. Obtain Ethereum Name Service (ENS) Tokens

   To lend Ethereum Name Service, you need to possess it. To obtain Ethereum Name Service, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   PrimeXBT	Ethereum Name Service (ENS)	9.64
   Binance	Ethereum Name Service (ENS)	9.65
   BTSE	Ethereum Name Service (ENS)	9.65
   Coinbase	Ethereum Name Service (ENS)	9.65
   Kraken	Ethereum Name Service (ENS)	9.62
   OKX	Ethereum Name Service (ENS)	24.74

   View all 62 prices

2. 2. Choose a Ethereum Name Service Lender in the UK

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

   Platform	Coin	AER
   Aave	Ethereum Name Service (ENS)	Up to 0.02% AER
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% AER

   View all 4 loan rates

3. 3. Earn Ethereum Name Service

   Once you've selected a platform to earn your Ethereum Name Service, transfer your Ethereum Name Service 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. 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.