Where and How to Lend Wormhole (W)

Introduction

Lending Wormhole can be a great option for those who wish to hold W 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 Wormhole (W) Tokens

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

   Platform	Coin	Price
   YouHodler	Wormhole (W)	0.08
   OKX	Wormhole (W)	0.08
   Binance	Wormhole (W)	0.08
   BTSE	Wormhole (W)	0.08
   Coinbase	Wormhole (W)	0.08
   Bake	Wormhole (W)	0.08

   See all 42 prices

2. 2. Select a Wormhole Lender

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

   Platform	Coin	Interest rate
   YouHodler	Wormhole (W)	Up to 16% APY
   Bitget	Wormhole (W)	Up to 0.8% APY
   Kucoin	Wormhole (W)	Up to 0.5% APY

   See all 5 lending rates

3. 3. Lend Your Wormhole

   After you have selected a platform for lending your Wormhole, transfer your Wormhole 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.