Where and How to Earn Ethena (ENA)

Introduction

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

Step-by-Step Guide

1. 1. Acquire Ethena (ENA) Tokens

   To lend Ethena, you must first acquire it. To obtain Ethena, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   PrimeXBT	Ethena (ENA)	0.23
   YouHodler	Ethena (ENA)	0.23
   Binance	Ethena (ENA)	0.23
   BTSE	Ethena (ENA)	0.23
   Coinbase	Ethena (ENA)	0.23
   Kraken	Ethena (ENA)	0.23

   See all 55 prices

2. 2. Choose a Ethena Lender

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

   Platform	Coin	Interest rate
   YouHodler	Ethena (ENA)	Up to 16% APY
   Blockchain.com	Ethena (ENA)	Up to 12% APY
   Kucoin	Ethena (ENA)	Up to 0.5% APY

   See all 5 lending rates

3. 3. Earn Ethena

   Once you've selected a platform to earn your Ethena, transfer your Ethena into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

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

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.