Where and How to Lend Ethena (ENA)

Introduction

Lending Ethena can be a great option for those who wish to hold ENA but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Ethena (ENA) Tokens

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

   Platform	Coin	Price
   Bitpanda	Ethena (ENA)	0.56
   Kraken	Ethena (ENA)	0.56
   YouHodler	Ethena (ENA)	0.56
   Binance	Ethena (ENA)	0.56
   BTSE	Ethena (ENA)	0.56

   See all 22 prices

2. 2. Select a Ethena Lender

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

   Platform	Coin	Interest rate
   Nexo	Ethena (ENA)	Up to 20.00 APY
   YouHodler	Ethena (ENA)	Up to 16.00 APY
   Kucoin	Ethena (ENA)	Up to 0.50 APY

3. 3. Lend Your Ethena

   After you have selected a platform for lending your Ethena, transfer your Ethena into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

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