How to Lend THORChain (RUNE)

Introduction

Lending THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	THORChain (RUNE)	0,58 APY
   PrimeXBT	THORChain (RUNE)	0,58 APY
   Binance	THORChain (RUNE)	0,58 APY
   Coinbase	THORChain (RUNE)	5,44 APY
   Kraken	THORChain (RUNE)	0,58 APY
   Uphold	THORChain (RUNE)	1,17 APY

   Check out all 40 prices

2. 2. Select a THORChain Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	THORChain (RUNE)	Up to 0,5% APY

3. 3. Lend Your THORChain in Italy

   Once you've selected a platform to lend your THORChain, transfer your THORChain 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