How to Lend Illuvium (ILV) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   YouHodler	Illuvium (ILV)	5.62
   Binance	Illuvium (ILV)	5.62
   BTSE	Illuvium (ILV)	5.64
   Coinbase	Illuvium (ILV)	5.63
   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 listed 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. Lend Your Illuvium

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