How to Lend THORChain (RUNE): A Step-by-Step Guide

Introduction

Lending THORChain can be a great option for those who want to hold RUNE 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 THORChain (RUNE) Tokens
In order to lend THORChain, you need to have it. To obtain THORChain, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo THORChain (RUNE) 5.62
Bitpanda THORChain (RUNE) 5.61
Uphold THORChain (RUNE) 5.35
Kraken THORChain (RUNE) 5.58
Binance THORChain (RUNE) 5.35
Coinbase THORChain (RUNE) 5.61
See all 19 prices
2. Choose a THORChain Lender
Once you have RUNE, you’ll need to choose a THORChain lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin THORChain (RUNE) Up to 0.35 APY
3. Lend Your THORChain
Once you’ve chosen a platform to lending your THORChain, transfer your THORChain 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	Price
Nexo	THORChain (RUNE)	5.62
Bitpanda	THORChain (RUNE)	5.61
Uphold	THORChain (RUNE)	5.35
Kraken	THORChain (RUNE)	5.58
Binance	THORChain (RUNE)	5.35
Coinbase	THORChain (RUNE)	5.61

Platform	Coin	Interest rate
Kucoin	THORChain (RUNE)	Up to 0.35 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

THORChain (RUNE) is currently priced at $0.35 with a 24-hour trading volume of $662,285,375. In the last 24 hours, THORChain has seen an increase of 8.24%. The market cap of THORChain stands at $1,897,537,645, with $339,230,050 RUNE in circulation. For those looking to buy or trade THORChain, Kucoin offers avenues to do so securely and efficiently}

Market cap: $1.9B
24h volume: $662.29M
Circulating supply: $339.23M

See latest information

Frequently Asked Questions About Lending THORChain (RUNE)

What are the current lending rates for THORChain (RUNE)?: Lending rates for THORChain (RUNE) can fluctuate based on market conditions and lending platforms. To find the most up-to-date rates, use Bitcompare's tools for real-time price comparisons.
How often do THORChain (RUNE) lending rates change?: THORChain (RUNE) lending rates can change frequently due to market volatility. It's important to use resources like Bitcompare to keep track of the latest rates and market trends.
Where can I compare THORChain (RUNE) lending rates?: Bitcompare offers a crypto comparison platform where you can compare THORChain (RUNE) lending rates across various exchanges. Bookmark the page and check regularly to stay informed.
Can I set alerts for changes in THORChain (RUNE) lending rates?: Yes, you can set email alerts on Bitcompare to receive notifications about changes in THORChain (RUNE) lending rates. This ensures you stay ahead of market shifts.
Does Bitcompare provide any analysis tools for THORChain?: Bitcompare offers sentiment analysis and the latest news events for THORChain, helping you make better-informed decisions. Regularly check for updates to stay current.
How do I stay informed about THORChain (RUNE) market changes?: Monitor resources like Bitcompare for real-time updates, alerts, and analysis. By keeping this page bookmarked, you can stay informed of THORChain's dynamic market.
What factors influence THORChain (RUNE) lending rates?: Lending rates are influenced by supply and demand, market trends, and platform-specific policies. Keep up-to-date with Bitcompare to see how these factors impact rates.
Is THORChain (RUNE) a safe option for lending?: While Bitcompare provides tools to compare options and stay informed, it's crucial to conduct your own research. Stay updated with alerts and analysis for the best insights.
Can I see historical THORChain lending rates on Bitcompare?: Yes, Bitcompare offers historical data analysis which can help you understand past trends in THORChain (RUNE) lending rates. Check regularly for insights.
Why should I use Bitcompare for THORChain (RUNE) information?: Bitcompare consolidates information from reputable exchanges, providing real-time price comparisons, alerts, and news. Stay informed to make smart decisions in crypto.