Where and How to Earn Ethereum Name Service (ENS)

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS 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 Ethereum Name Service (ENS) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Ethereum Name Service (ENS)	10.29
   Binance	Ethereum Name Service (ENS)	10.3
   BTSE	Ethereum Name Service (ENS)	10.29
   Coinbase	Ethereum Name Service (ENS)	10.28
   Kraken	Ethereum Name Service (ENS)	10.28
   OKX	Ethereum Name Service (ENS)	24.74

   See all 62 prices

2. 2. Choose a Ethereum Name Service Lender

   Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Aave	Ethereum Name Service (ENS)	Up to 0.02% APY
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% APY

   See all 4 lending rates

3. 3. Earn Ethereum Name Service

   Once you've selected a platform to earn your Ethereum Name Service, transfer your Ethereum Name Service 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.