How to Lend Zen (ZEN): A Comprehensive Guide for Chinese Investors

Introduction

Lending Zen can be an excellent choice for individuals looking to hold ZEN while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. Acquire Zen (ZEN) Tokens
To lend Zen, you must first possess it. To acquire Zen, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.
Platform Coin Price
Bybit Zen (ZEN) 9.38 APY
Kucoin Zen (ZEN) 9.37 APY
View all 4 prices
2. Select a Zen lending platform
Once you have ZEN, you'll need to select a Zen lending platform to lend your tokens. You can explore several options available in the market here.
Platform Coin APY
Kucoin Zen (ZEN) Up to 0.46% APY
3. Lend Your Zen for attractive APY returns
After selecting a platform to lend your Zen, transfer your Zen into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.
4. Earn APY on Your Assets
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.