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Introduction

Lending Ethena is an excellent choice for those looking to hold ENA while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Ethena (ENA) Tokens

   To lend Ethena, you must first possess it. To acquire Ethena, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   PrimeXBT	Ethena (ENA)	0.2
   YouHodler	Ethena (ENA)	0.2
   Binance	Ethena (ENA)	0.2
   BTSE	Ethena (ENA)	0.2
   Coinbase	Ethena (ENA)	0.2
   Kraken	Ethena (ENA)	0.2

   View all 55 prices

2. 2. Select a Ethena Lender

   Once you have ENA, you'll need to select a Ethena lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Ethena (ENA)	Earn up to 16% APY
   Blockchain.com	Ethena (ENA)	Earn up to 12% APY
   Kucoin	Ethena (ENA)	Earn up to 0.5% APY

   View all 5 loan rates

3. 3. Earn Ethena

   After selecting a platform to earn your Ethena, transfer your Ethena to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.