Where and How to Lend Ethena (ENA)

Introduction

Lending Ethena can be a great option for those who want to hold ENA 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. 1. Obtain Ethena (ENA) Tokens

   In order to lend Ethena, you need to have it. To obtain Ethena, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Ethena (ENA)	0.62
   Kraken	Ethena (ENA)	0.63
   YouHodler	Ethena (ENA)	0.63
   Binance	Ethena (ENA)	0.61
   BTSE	Ethena (ENA)	0.63

   See all 22 prices

2. 2. Choose a Ethena Lender

   Once you have ENA, you’ll need to choose a Ethena lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Ethena (ENA)	Up to 20 APY
   YouHodler	Ethena (ENA)	Up to 16 APY
   Kucoin	Ethena (ENA)	Up to 0.5 APY

3. 3. Lend Your Ethena

   Once you’ve chosen a platform to lending your Ethena, transfer your Ethena into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 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 lending platform pays compounding interest to maximise your returns.

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.