How to Lend Ethereum Name Service (ENS) in Vietnam

Introduction

Lending Ethereum Name Service is an excellent choice for those looking to hold ENS while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Ethereum Name Service (ENS) Tokens

   To lend Ethereum Name Service, you must first own it. To acquire Ethereum Name Service, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   PrimeXBT	Ethereum Name Service (ENS)	9.48
   Binance	Ethereum Name Service (ENS)	9.49
   BTSE	Ethereum Name Service (ENS)	9.49
   Coinbase	Ethereum Name Service (ENS)	9.48
   Kraken	Ethereum Name Service (ENS)	9.48
   OKX	Ethereum Name Service (ENS)	24.74

   View all 62 prices

2. 2. Select a Ethereum Name Service Lender

   Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can find some options listed here.

   Platform	Coin	Interest rate
   Aave	Ethereum Name Service (ENS)	Earn up to 0.02% APY
   Kucoin	Ethereum Name Service (ENS)	Earn up to 0.5% APY

   View all 4 loan rates

3. 3. Lend Your Ethereum Name Service

   After selecting a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.