Where & how to lend Wormhole (W)

Introduction

Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) tokens

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

   Platform	Coin	Price
   Nexo	Wormhole (W)	$0.2715
   Bitpanda	Wormhole (W)	$0.2721
   Kraken	Wormhole (W)	$0.2709
   OKX	Wormhole (W)	$0.2717
   Binance	Wormhole (W)	$0.2689
   Coinbase	Wormhole (W)	$0.5958

   See all 19 prices

2. 2. Choose a Wormhole lender

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

   Platform	Coin	Interest rate
   Kucoin	Wormhole (W)	Up to 0.5% APY
   Bitget	Wormhole (W)	Up to 0.8% APY

3. 3. Lend your Wormhole

   Once you’ve chosen a platform to lending your Wormhole, transfer your Wormhole 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.