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

Introduction

Lending Ethena can be an excellent option for those who wish to hold ENA 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 (ENA) Tokens
To lend Ethena, you need to possess it. To obtain Ethena, you'll need to purchase it. You can choose from these popular exchanges in the UK.
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
View all 55 prices
2. Choose a Ethena Lender in the UK
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 AER
YouHodler Ethena (ENA) Up to 16% AER
Blockchain.com Ethena (ENA) Up to 12% AER
Kucoin Ethena (ENA) Up to 0.5% AER
View all 5 loan rates
3. Lend Your Ethena
Once you've chosen a platform to lend your Ethena, transfer your Ethena into your wallet on the lending platform. Once it's deposited, it will start earning 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 interest. The more you deposit, the more interest you can earn. Try to ensure 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	AER
YouHodler	Ethena (ENA)	Up to 16% AER
Blockchain.com	Ethena (ENA)	Up to 12% AER
Kucoin	Ethena (ENA)	Up to 0.5% AER

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

Ethena (ENA) is currently priced at US$16 with a 24-hour trading volume of US$577.71M. The market cap of Ethena stands at US$2.82B, with 3.03B ENA in circulation. For those looking to buy or trade Ethena, YouHodler offers avenues to do so securely and efficiently

Market capitalisation: US$2.82B
24-hour volume: US$577.71M
Circulating supply: 3.03B ENA

See the latest information

Frequently Asked Questions About Lending Ethena (ENA) in the UK

What is Ethena (ENA) and what is its main use case?: Ethena (ENA) is a cryptocurrency designed to facilitate fast, low-cost transactions within its ecosystem. It aims to support decentralized applications, staking and governance features, and cross-platform compatibility. The project emphasizes efficiency and accessibility, making it easier for users to participate in DeFi activities, earn rewards through staking, and vote on protocol upgrades. If you’re evaluating ENA, consider how its use cases align with your goals—payments, governance participation, or long-term staking rewards.
How many ENA tokens are in circulation, and is there a maximum supply?: As of now, approximately 7.96 billion ENA are circulating, with a maximum supply capped at 15 billion ENA. This means about half of the total supply is currently in circulation, leaving room for future issuance. A capped max supply can influence long-term scarcity and potential price dynamics, but remember that market demand, adoption, and project fundamentals will ultimately drive value. Always verify circulating supply and max supply on reputable sources before making investment decisions.
What are the recent price trends for Ethena, and what should I watch for?: Ethena trades around 0.1837 USD per ENA, with a 24-hour price change of approximately -3.42%. Price movements can be driven by market sentiment, project updates, and broader crypto market conditions. When watching ENA, monitor liquidity on major exchanges, trading volume, and any news about protocol developments or partnerships. Also note the circulating vs. max supply dynamics, as gradual increases in supply can impact price pressure if demand doesn’t keep pace.
Is Ethena a good option for staking or earning passive income?: Many users look to ENA for staking opportunities and governance participation. If Ethena offers a staking mechanism, you can typically earn rewards by locking up ENA for a defined period, contributing to network security, and supporting validator or farm operations. Evaluate the annual percentage yield (APY), lockup terms, and potential penalties for early withdrawal. Consider your risk tolerance and whether the staking rewards compensate for price volatility. Always use trusted wallets and official platforms to stake ENA.
How can I safely buy and store Ethena (ENA)?: To buy ENA, use reputable crypto exchanges that list ENA/USD or ENA trading pairs, and complete standard verification steps. After purchase, transfer your ENA to a secure wallet you control, preferably a hardware wallet for long-term storage or a reputable software wallet with strong security features. Enable two-factor authentication, use unique strong passwords, and beware of phishing. Keep your private keys and recovery phrases offline in a secure location. Regularly update your wallet software and monitor for official security advisories from the Ethena team.