How to Lend 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. Acquire Ethereum Name Service (ENS) Tokens

To be able to lend Ethereum Name Service, you need to have it. To get Ethereum Name Service, you’ll have to buy it. You can pick from these popular exchanges.

Platform	Coin	Price
Uphold	Ethereum Name Service (ENS)	14.24
Kraken	Ethereum Name Service (ENS)	14.24
OKX	Ethereum Name Service (ENS)	14.25
M2	Ethereum Name Service (ENS)	14.23
Binance	Ethereum Name Service (ENS)	14.24
BTSE	Ethereum Name Service (ENS)	14.25

See all 61 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 borrowing rates
3. Lend Your Ethereum Name Service
Once you’ve chosen a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service 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. 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.

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 USD 0.02 with a 24-hour trading volume of USD 116.21M. The market cap of Ethereum Name Service stands at USD 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: USD 1.04B
24h volume: USD 116.21M
Circulating supply: 33.17M ENS

See latest info

Frequently Asked Questions About Lending Ethereum Name Service (ENS)

What are the current lending rates for the Ethereum Name Service (ENS)?: As of now, the Ethereum Name Service (ENS) has a total of two lending rates available. The best lending rate can be found on Kucoin. However, specific average rates are currently not available. It is important to stay updated on these rates, as they may fluctuate based on market conditions. For the latest information on lending rates and other details, consider checking reliable sources regularly.
How can I find the best lending rates for the Ethereum Name Service (ENS)?: To find the best lending rates for Ethereum Name Service (ENS), you can utilize platforms like Bitcompare, which offer real-time price comparisons and lending rate information. Currently, the best lending rate is available on Kucoin. Regularly checking these platforms ensures you stay informed about the latest rates and market trends, enabling you to make informed decisions regarding your ENS holdings.
Are the lending rates for the Ethereum Name Service (ENS) fixed or variable?: The lending rates for Ethereum Name Service (ENS) are typically variable, meaning they can fluctuate based on market conditions and demand. This variability can affect how much interest you earn or pay when lending or borrowing ENS tokens. It is essential to monitor these rates regularly on platforms like Bitcompare, which provide real-time updates and comparisons to help you stay informed about the current lending landscape for ENS.
What factors influence the lending rates for Ethereum Name Service (ENS)?: Lending rates for Ethereum Name Service (ENS) are influenced by several factors, including market demand, overall liquidity in the cryptocurrency market, and the specific terms set by lending platforms. Additionally, changes in Ethereum's network activity and broader market sentiment can lead to fluctuations in these rates. Regularly checking platforms like Bitcompare will help you stay informed about these dynamics and their potential impact on ENS lending rates.
Where can I find the latest lending rates for Ethereum Name Service (ENS)?: You can track the latest lending rates for Ethereum Name Service (ENS) on various cryptocurrency comparison platforms, including Bitcompare. These platforms provide real-time updates, enabling you to view the current rates, compare lending options, and identify the best rates available across different exchanges. Regularly visiting these sites ensures you stay informed about any changes in lending rates for ENS, allowing for more strategic financial decisions.