How to Lend Terra Classic (Wormhole) (LUNC)

Introduction

Lending Terra Classic (Wormhole) can be an excellent choice for those looking to hold LUNC 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. 1. Acquire Terra Classic (Wormhole) (LUNC) Tokens

   To lend Terra Classic (Wormhole), you first need to possess it. To acquire Terra Classic (Wormhole), you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Kraken	Terra Classic (Wormhole) (LUNC)	0,00004275
   CoinEx	Terra Classic (Wormhole) (LUNC)	0,00004275
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0,00004269
   Kucoin	Terra Classic (Wormhole) (LUNC)	0,00004265
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0,00004266
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0,00004269

   View all 11 prices

2. 2. Select a Terra Classic (Wormhole) Lender

   Once you have LUNC, you'll need to select a Terra Classic (Wormhole) lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 0,5% APY

3. 3. Lend Your Terra Classic (Wormhole)

   Once you've selected a platform to lend your Terra Classic (Wormhole), transfer your Terra Classic (Wormhole) 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. 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.