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.