Where and How to Lend Terra (LUNA)

Introduction

Lending Terra can be a great option for those who want to hold LUNA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Terra (LUNA) Tokens

   To lend Terra, you need to have it. To acquire Terra, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   YouHodler	Terra (LUNA)	0.15
   Kraken	Terra (LUNA)	0.15
   OKX	Terra (LUNA)	0.15
   Binance	Terra (LUNA)	0.15
   BTSE	Terra (LUNA)	0.15
   MEXC Global	Terra (LUNA)	0.2

   See all 39 prices

2. 2. Choose a Terra Lender

   Once you have LUNA, you’ll need to choose a Terra lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Terra (LUNA)	Up to 6.5% AER
   Kucoin	Terra (LUNA)	Up to 5% AER
   Gemini	Terra (LUNA)	Up to 0.01% AER

   See all 5 lending rates

3. 3. Lend Your Terra

   Once you’ve chosen a platform to lend your Terra, transfer your Terra into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.