How to Lend TerraUSD (Wormhole) (UST): A Step-by-Step Guide for the UK

Introduction

Lending TerraUSD (Wormhole) can be an excellent option for those who wish to hold UST 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 TerraUSD (Wormhole) (UST) Tokens
To lend TerraUSD (Wormhole), you need to possess it. To obtain TerraUSD (Wormhole), you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Coinbase TerraUSD (Wormhole) (UST) 0.03
Gate.io TerraUSD (Wormhole) (UST) 0
2. Choose a TerraUSD (Wormhole) Lender in the UK
Once you have UST, you'll need to choose a TerraUSD (Wormhole) lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Gemini TerraUSD (Wormhole) (UST) Up to 0.01% AER
3. Lend Your TerraUSD (Wormhole)
Once you've chosen a platform to lend your TerraUSD (Wormhole), transfer your TerraUSD (Wormhole) 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
Coinbase	TerraUSD (Wormhole) (UST)	0.03
Gate.io	TerraUSD (Wormhole) (UST)	0

Platform	Coin	AER
Gemini	TerraUSD (Wormhole) (UST)	Up to 0.01% 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.