Where & how to lend Terra (LUNA)

Introduction

Lending Terra can be a great option for those who want to hold LUNA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Terra (LUNA) tokens

   In order to lend Terra, you need to have it. To obtain Terra, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Terra (LUNA)	$0.32
   YouHodler	Terra (LUNA)	$0.3231
   Uphold	Terra (LUNA)	$0.6983
   Wirex	Terra (LUNA)	$0.0006
   Kraken	Terra (LUNA)	$0.3223
   OKX	Terra (LUNA)	$0.3229

   See all 15 prices

2. 2. Choose a Terra lender

   Once you have LUNA, you’ll need to choose a Terra lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   OKX	Terra (LUNA)	Up to 1% APY
   Kucoin	Terra (LUNA)	Up to 0.2181% APY

   See all 4 lending rates

3. 3. Lend your Terra

   Once you’ve chosen a platform to lending your Terra, transfer your Terra into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.