How to Lend Terra (LUNA)

Introduction

Lending Terra can be an excellent choice for those looking to hold LUNA while generating APY. The process may seem a bit overwhelming, particularly if it's your first time navigating it. That's why we've created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Terra (LUNA) Tokens

   To lend Terra, you first need to possess it. To acquire Terra, you'll have to buy it. You can select from these well-known exchanges available in South Korea.

   플랫폼	코인	Price
   YouHodler	Terra (LUNA)	0.13 APY
   Binance	Terra (LUNA)	0.13 APY
   BTSE	Terra (LUNA)	0.13 APY
   Kraken	Terra (LUNA)	0.13 APY
   OKX	Terra (LUNA)	0.15 APY
   BingX	Terra (LUNA)	0.13 APY

   Check out all 39 prices

2. 2. Select a Terra lending provider

   Once you have LUNA, you'll need to select a Terra lending platform to lend your tokens. You can explore various options available in the South Korean market here.

   플랫폼	코인	APY
   Bitget	Terra (LUNA)	Up to 6.5% APY
   Gemini	Terra (LUNA)	Up to 0.01% APY
   Kucoin	Terra (LUNA)	Up to 5% APY

   Check out all 5 lending APY rates

3. 3. Lend Your Terra in South Korea

   Once you've selected a platform to lend your Terra, transfer your Terra into your wallet on the lending platform. After the deposit is made, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide them weekly or monthly.

4. 4. Earn APY on your cryptocurrency holdings with competitive rates from top providers in South Korea

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

What to Keep in Mind

Lending your cryptocurrency can involve significant risks