How to Lend Ethena (ENA)

Introduction

Lending Ethena can be an excellent choice for those looking to hold ENA while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Ethena (ENA) Tokens

   To lend Ethena, you must first possess it. To acquire Ethena, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Ethena (ENA)	0,2 APY
   YouHodler	Ethena (ENA)	0,2 APY
   Binance	Ethena (ENA)	0,2 APY
   BTSE	Ethena (ENA)	0,2 APY
   Coinbase	Ethena (ENA)	0,2 APY
   Kraken	Ethena (ENA)	0,2 APY

   Check out all 55 prices

2. 2. Select a Ethena Lender in Italy

   Once you have ENA, you'll need to select a Ethena lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   YouHodler	Ethena (ENA)	Up to 16% APY
   Blockchain.com	Ethena (ENA)	Up to 12% APY
   Kucoin	Ethena (ENA)	Up to 0,5% APY

   Discover all 5 lending APY rates

3. 3. Lend Your Ethena in Italy

   Once you've selected a platform to lend your Ethena, transfer your Ethena into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks