Introduction
Lending Terra can be an excellent option for those who wish to hold LUNA 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 Terra (LUNA) Tokens
To lend Terra, you need to possess it. To obtain Terra, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 39 pricesPlatform Coin Price YouHodler Terra (LUNA) 0.14 Binance Terra (LUNA) 0.14 BTSE Terra (LUNA) 0.14 Kraken Terra (LUNA) 0.14 OKX Terra (LUNA) 0.15 BingX Terra (LUNA) 0.14 2. Choose a Terra Lender in the UK
Once you have LUNA, you'll need to choose a Terra lending platform to lend your tokens. You can see some options here.
View all 5 loan ratesPlatform Coin AER Bitget Terra (LUNA) Up to 6.5% AER Gemini Terra (LUNA) Up to 0.01% AER Kucoin Terra (LUNA) Up to 5% AER 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 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.
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
Terra (LUNA) is currently priced at US$6.5 with a 24-hour trading volume of US$36.53M. The market cap of Terra stands at US$283.98M, with 687.66M LUNA in circulation. For those looking to purchase or trade Terra, Bitget offers avenues to do so securely and efficiently
- Market capitalisation
- US$283.98M
- 24-hour volume
- US$36.53M
- Circulating supply
- 687.66M LUNA