How to Lend THORChain (RUNE): A Step-by-Step Guide for the UK

Introduction

Lending THORChain can be an excellent option for those who wish to hold RUNE 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 THORChain (RUNE) Tokens
To lend THORChain, you need to possess it. To obtain THORChain, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo THORChain (RUNE) 0.57
PrimeXBT THORChain (RUNE) 0.57
Binance THORChain (RUNE) 0.57
Coinbase THORChain (RUNE) 5.44
Kraken THORChain (RUNE) 0.57
Uphold THORChain (RUNE) 1.17
View all 40 prices
2. Choose a THORChain Lender in the UK
Once you have RUNE, you'll need to choose a THORChain lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin THORChain (RUNE) Up to 0.5% AER
3. Lend Your THORChain
Once you've chosen a platform to lend your THORChain, transfer your THORChain 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
Nexo	THORChain (RUNE)	0.57
PrimeXBT	THORChain (RUNE)	0.57
Binance	THORChain (RUNE)	0.57
Coinbase	THORChain (RUNE)	5.44
Kraken	THORChain (RUNE)	0.57
Uphold	THORChain (RUNE)	1.17

Platform	Coin	AER
Kucoin	THORChain (RUNE)	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.

Latest Movements in the UK

THORChain (RUNE) is currently priced at US$0.5 with a 24-hour trading volume of US$490.55M. The market cap of THORChain stands at US$1.11B, with 344.45M RUNE in circulation. For those looking to buy or trade THORChain, Kucoin offers avenues to do so securely and efficiently

Market capitalisation: US$1.11B
24-hour volume: US$490.55M
Circulating supply: 344.45M RUNE

See the latest information

Frequently Asked Questions About Lending THORChain (RUNE) in the UK

What is THORChain and what does its token rune do?: THORChain is a decentralized liquidity protocol that enables cross-chain swaps without wrapping assets. In other words, you can trade Bitcoin for Ethereum or other supported tokens directly across different chains. The native token is rune, which serves multiple purposes: it acts as a settlement asset for cross-chain trades, provides staking rewards to incentivize network security, and is used in governance decisions to influence protocol upgrades and fee structures. Rune is not tied to a single chain, and its value is influenced by network usage, liquidity, and the overall health of THORChain’s liquidity pools.
How do cross-chain swaps work on THORChain, and what are the risks?: THORChain uses continuous liquidity pools and a network of nodes to facilitate cross-chain swaps without custodians. When you swap, your asset is routed through the protocol’s liquidity pools, and the corresponding asset is released on the target chain. The process is designed to be trustless and non-custodial. Risks include smart contract bugs or exploits, liquidity fluctuations, impermanent loss in pools, and potential network downtime. Users should also verify that their chosen wallet supports THORChain-enabled swaps and be aware of price slippage and network fees. Regularly check official security audits and patch notes for the latest risk disclosures.
Where can I buy or trade rune, and which wallets support THORChain?: Rune is available on major centralized and decentralized exchanges that list THORChain’s token. You can typically trade rune against popular pairs like USD, BTC, ETH, and other assets depending on the exchange. For storage, use a wallet that supports THORChain-compatible assets and cross-chain functionality. Popular options include hardware wallets and software wallets with THORChain integration, as well as compatible non-custodial wallets. Always enable best security practices: use a hardware wallet for large holdings, enable two-factor authentication on exchanges, and never share private keys or seed phrases. Check the official THORChain resources for the latest list of supported wallets and exchange integrations.
What is the current supply of rune, and how does circulating vs max supply affect potential price?: As of now, rune has a circulating supply of roughly 351 million tokens out of a max supply of 500 million. The capped max supply means there is a finite number of rune tokens, which can influence scarcity over time. However, price is primarily driven by demand for cross-chain liquidity, network usage, and staking activity. Staking rune can lock supply temporarily, which may reduce circulating supply and impact price dynamics. Investors should consider both on-chain utility (liquidity provision, governance) and macro factors (crypto market cycles, adoption of cross-chain swaps) when assessing long-term value.
How can I stake rune, and what are the expected rewards and risks?: Staking rune typically involves locking tokens in a THORChain-compatible wallet or via supported staking services to secure liquidity pools and network consensus. Stakers earn rewards funded by swap fees and network incentives. Rewards vary with network activity, pool performance, and overall rune supply dynamics. Risks include price volatility during the lock period, potential penalties for misbehavior by validators (in governance-centric setups), and liquidity opportunity costs if you withdraw during periods of high fee pressure or low liquidity. Before staking, review current annual percentage yields (APYs) on trusted platforms, understand the lockup terms, and ensure your custody solution supports unstaking without long cooldown periods.

Top Pairs for THORChain in the UK

Frequently Asked Questions About Lending THORChain (RUNE) in the UK

Platform	Coin	Price
Nexo	THORChain (RUNE)	0.57
PrimeXBT	THORChain (RUNE)	0.57
Binance	THORChain (RUNE)	0.57
Coinbase	THORChain (RUNE)	5.44
Kraken	THORChain (RUNE)	0.57
Uphold	THORChain (RUNE)	1.17

Platform	Coin	AER
Kucoin	THORChain (RUNE)	Up to 0.5% AER

What is THORChain and what does its token rune do?

THORChain is a decentralized liquidity protocol that enables cross-chain swaps without wrapping assets. In other words, you can trade Bitcoin for Ethereum or other supported tokens directly across different chains. The native token is rune, which serves multiple purposes: it acts as a settlement asset for cross-chain trades, provides staking rewards to incentivize network security, and is used in governance decisions to influence protocol upgrades and fee structures. Rune is not tied to a single chain, and its value is influenced by network usage, liquidity, and the overall health of THORChain’s liquidity pools.

How do cross-chain swaps work on THORChain, and what are the risks?

THORChain uses continuous liquidity pools and a network of nodes to facilitate cross-chain swaps without custodians. When you swap, your asset is routed through the protocol’s liquidity pools, and the corresponding asset is released on the target chain. The process is designed to be trustless and non-custodial. Risks include smart contract bugs or exploits, liquidity fluctuations, impermanent loss in pools, and potential network downtime. Users should also verify that their chosen wallet supports THORChain-enabled swaps and be aware of price slippage and network fees. Regularly check official security audits and patch notes for the latest risk disclosures.

Where can I buy or trade rune, and which wallets support THORChain?

Rune is available on major centralized and decentralized exchanges that list THORChain’s token. You can typically trade rune against popular pairs like USD, BTC, ETH, and other assets depending on the exchange. For storage, use a wallet that supports THORChain-compatible assets and cross-chain functionality. Popular options include hardware wallets and software wallets with THORChain integration, as well as compatible non-custodial wallets. Always enable best security practices: use a hardware wallet for large holdings, enable two-factor authentication on exchanges, and never share private keys or seed phrases. Check the official THORChain resources for the latest list of supported wallets and exchange integrations.

What is the current supply of rune, and how does circulating vs max supply affect potential price?

As of now, rune has a circulating supply of roughly 351 million tokens out of a max supply of 500 million. The capped max supply means there is a finite number of rune tokens, which can influence scarcity over time. However, price is primarily driven by demand for cross-chain liquidity, network usage, and staking activity. Staking rune can lock supply temporarily, which may reduce circulating supply and impact price dynamics. Investors should consider both on-chain utility (liquidity provision, governance) and macro factors (crypto market cycles, adoption of cross-chain swaps) when assessing long-term value.

How can I stake rune, and what are the expected rewards and risks?

Staking rune typically involves locking tokens in a THORChain-compatible wallet or via supported staking services to secure liquidity pools and network consensus. Stakers earn rewards funded by swap fees and network incentives. Rewards vary with network activity, pool performance, and overall rune supply dynamics. Risks include price volatility during the lock period, potential penalties for misbehavior by validators (in governance-centric setups), and liquidity opportunity costs if you withdraw during periods of high fee pressure or low liquidity. Before staking, review current annual percentage yields (APYs) on trusted platforms, understand the lockup terms, and ensure your custody solution supports unstaking without long cooldown periods.

How to Lend THORChain (RUNE) in the UK

What you will learn

How to Lend THORChain (RUNE) in the UK

Statistics about THORChain Lending in the UK

Other cryptocurrencies you can lend

Introduction

Step-by-Step Guide

1. Obtain THORChain (RUNE) Tokens

2. Choose a THORChain Lender in the UK

3. Lend Your THORChain

4. Earn AER

What to Be Aware Of

Latest Movements in the UK

Frequently Asked Questions About Lending THORChain (RUNE) in the UK

Top Pairs for THORChain in the UK

Important Notice

Introduction

Step-by-Step Guide

1. Obtain THORChain (RUNE) Tokens

2. Choose a THORChain Lender in the UK

3. Lend Your THORChain

4. Earn AER

What to Be Aware Of

Newly Added Cryptocurrencies to Lend

Supported Lending Platforms in the UK

Similar Cryptocurrencies to Lend

Frequently Asked Questions About Lending THORChain (RUNE) in the UK