Where & how to lend Eigenlayer (EIGEN)

Introduction

Lending Eigenlayer can be a great option for those who want to hold EIGEN 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 Eigenlayer (EIGEN) tokens

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

   Platform	Coin	Price
   Nexo	Eigenlayer (EIGEN)	$3.22
   Bitpanda	Eigenlayer (EIGEN)	$3.23
   Kraken	Eigenlayer (EIGEN)	$3.21
   OKX	Eigenlayer (EIGEN)	$3.23
   Binance	Eigenlayer (EIGEN)	$3.33
   Coinbase	Eigenlayer (EIGEN)	$3.29

   See all 16 prices

2. 2. Choose a Eigenlayer lender

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

   Platform	Coin	Interest rate
   Kucoin	Eigenlayer (EIGEN)	Up to 0.0118% APY

3. 3. Lend your Eigenlayer

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