Introduction
Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS 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 Ethereum Name Service (ENS) Tokens
To lend Ethereum Name Service, you first need to possess it. To acquire Ethereum Name Service, you'll need to buy it. You can select from these well-known exchanges.
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 explore some options here.
View all 4 lending APYsPlatform Mint APY Aave Ethereum Name Service (ENS) Up to 0,02% APY Kucoin Ethereum Name Service (ENS) Up to 0,5% APY 3. Lend Your Ethereum Name Service
Once you've selected a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service 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.
Latest Movements in the Market
missing en-za translation: common.latest-movements-copy
- Market capitalisation
- US$1,04B
- 24-hour trading volume
- US$116,21M
- Circulating supply
- 33,17M ENS
ENS
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
