How to Lend Illuvium (ILV) in the UK

Introduction

Lending Illuvium can be an excellent option for those who wish to hold ILV 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 Illuvium (ILV) Tokens

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

   Platform	Coin	Price
   YouHodler	Illuvium (ILV)	5.61
   Binance	Illuvium (ILV)	5.61
   BTSE	Illuvium (ILV)	5.63
   Coinbase	Illuvium (ILV)	5.59
   OKX	Illuvium (ILV)	5.69
   Uphold	Illuvium (ILV)	13.27

   View all 45 prices

2. 2. Choose a Illuvium Lender in the UK

   Once you have ILV, you'll need to choose a Illuvium lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   YouHodler	Illuvium (ILV)	Up to 12% AER
   Kucoin	Illuvium (ILV)	Up to 0.5% AER

   View all 4 loan rates

3. 3. Lend Your Illuvium

   Once you've chosen a platform to lend your Illuvium, transfer your Illuvium 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. 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.

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.