How to Earn Ethereum Name Service (ENS): A Step-by-Step Guide

Introduction

Lending Ethereum Name Service can be a great option for those who want to hold ENS but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Ethereum Name Service (ENS) Tokens

In order to lend Ethereum Name Service, you need to have it. To obtain Ethereum Name Service, you'll need to purchase it. You can choose from these popular exchanges.

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. Choose a Ethereum Name Service Lender
Once you have ENS, you'll need to choose a Ethereum Name Service lending platform to lend your tokens. You can see 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. Earn Ethereum Name Service
Once you've chosen a platform to earning your Ethereum Name Service, transfer your Ethereum Name Service into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.

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

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Ethereum Name Service (ENS) is currently priced at $0.02 with a 24-hour trading volume of $116.21M. The market cap of Ethereum Name Service stands at $1.04B, with 33.17M ENS in circulation. For those looking to buy or trade Ethereum Name Service, Aave offers avenues to do so securely and efficiently

Market cap: $1.04B
24h volume: $116.21M
Circulating supply: 33.17M ENS

See latest information

Frequently Asked Questions About Ethereum Name Service (ENS) Lending

What is the Ethereum Name Service (ENS) and what problem does it solve?: The Ethereum Name Service (ENS) is a decentralized domain name system built on the Ethereum blockchain. It lets users register human-readable names (like alice.eth) that map to Ethereum addresses, smart contracts, decentralized websites, and other resources. This simplifies sending funds, interacting with dApps, and managing on-chain assets by replacing long hexadecimal addresses with easy-to-remember names. ENS also supports subdomains, enabling users to create a branded namespace for themselves or projects. While it adds convenience, ENS relies on on-chain registrations, auctions for popular names, and gas costs for transactions.
How does ENS work, and what are the main components I should know about?: ENS operates through a few key components: the registry (on-chain storage of all name records), registrars (control the registration and renewal of names, often via auctions for premium names), and resolvers (the logic that translates a name into an address or other resource). Users register a name by interacting with the registrar contracts and paying gas fees. Once registered, they can set various records (address, content hash for IPFS, text records, etc.) through a resolver. Importantly, ENS names are non-custodial—you control the private keys of your wallet, but you must keep your private key secure to maintain control over your name.
What is the current market status of ENS (price, supply, and tokenomics)?: As of the latest data, ENS has a circulating supply of about 38.19 million tokens out of a max supply of 100 million, with a current price around $9.10 and a 24-hour price change of roughly -4.42%. Market capitalization sits near $347.4 million. ENS is an ERC-20 token used for governance within the ENS ecosystem, including staking and potential fee reductions for certain operations. Prices can be volatile due to market demand, network activity, and broader crypto market conditions. Always verify current figures on a reliable price tracker before trading or making financial decisions.
How can I buy, store, and stake ENS tokens securely?: To acquire ENS, you can trade on supported decentralized and centralized exchanges. After purchase, store your ENS in a secure wallet that supports ERC-20 tokens, preferably with hardware wallet integration (e.g., Ledger or Trezor) for enhanced security. If you plan to stake ENS for governance or network participation, check whether staking is available directly via the ENS ecosystem or through affiliated platforms. When storing, use a unique, strong seed phrase, enable two-factor authentication on exchange accounts, and consider transferring large holdings to a cold wallet for long-term security.
What are the practical use cases for ENS in everyday crypto activity?: Practical use cases for ENS include: sending and receiving funds with human-readable names (e.g., alice.eth instead of a long address), linking wallets across platforms for easier identity management, hosting decentralized websites or content hashes associated with your name, and configuring domain-level permissions or subdomains for teams and projects. ENS also supports text records and content hashes, which can point to IPFS-hosted sites or reveal metadata. For developers, ENS integrates with smart contracts to resolve addresses, enabling cleaner user experiences in dApps.