Where and How to Lend Illuvium (ILV)

Introduction

Lending Illuvium can be a great option for those who want to hold ILV 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 Guide

1. 1. Obtain Illuvium (ILV) Tokens

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

   Platform	Coin	Price
   Uphold	Illuvium (ILV)	39.61
   OKX	Illuvium (ILV)	39.78
   YouHodler	Illuvium (ILV)	39.68
   Binance	Illuvium (ILV)	39.66
   BTSE	Illuvium (ILV)	39.67
   Coinbase	Illuvium (ILV)	39.71

   See all 23 prices

2. 2. Choose a Illuvium Lender

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

   Platform	Coin	Interest rate
   YouHodler	Illuvium (ILV)	Up to 12 APY
   Kucoin	Illuvium (ILV)	Up to 0.5 APY

3. 3. Lend Your Illuvium

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