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Introduction

Lending Illuvium is an excellent choice for those looking to hold ILV 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 Illuvium (ILV) Tokens

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

   Platform	Coin	Cost
   YouHodler	Illuvium (ILV)	5.63
   Binance	Illuvium (ILV)	5.63
   BTSE	Illuvium (ILV)	5.61
   Coinbase	Illuvium (ILV)	5.62
   OKX	Illuvium (ILV)	5.69
   Uphold	Illuvium (ILV)	13.27

   View all 45 prices

2. 2. Select a Illuvium Lender

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

   Platform	Coin	Interest rate
   YouHodler	Illuvium (ILV)	Earn up to 12% APY
   Kucoin	Illuvium (ILV)	Earn up to 0.5% APY

   View all 4 loan rates

3. 3. Earn Illuvium

   After selecting a platform to earn your Illuvium, transfer your Illuvium 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.