How to Lend Ethena USDe (USDE): A Step-by-Step Guide for South Africans

Introduction

Lending Ethena USDe can be an excellent choice for those looking to hold USDE while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire Ethena USDe (USDE) Tokens
To lend Ethena USDe, you first need to possess it. To acquire Ethena USDe, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Ethena USDe (USDE) 1
Kraken Ethena USDe (USDE) 1
Bitget Ethena USDe (USDE) 1
Bitmart Ethena USDe (USDE) 1
CoinList Ethena USDe (USDE) 1
Gate.io Ethena USDe (USDE) 1
View all 12 prices

Platform	Mint	Cost
Binance	Ethena USDe (USDE)	1
Kraken	Ethena USDe (USDE)	1
Bitget	Ethena USDe (USDE)	1
Bitmart	Ethena USDe (USDE)	1
CoinList	Ethena USDe (USDE)	1
Gate.io	Ethena USDe (USDE)	1

2. Select a Ethena USDe Lender

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

Platform	Mint	APY
Aave	Ethena USDe (USDE)	Up to 3,94% APY
Bitget	Ethena USDe (USDE)	Up to 25% APY
Compound	Ethena USDe (USDE)	Up to 1,98% APY
Kucoin	Ethena USDe (USDE)	Up to 5% APY
MEXC Global	Ethena USDe (USDE)	Up to 5% APY

View all 10 lending APYs

3. Lend Your Ethena USDe
Once you've selected a platform to lend your Ethena USDe, transfer your Ethena USDe into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.