How to Earn Coinbase Wrapped Staked ETH (CBETH): A Comprehensive Guide for Australians

Introduction

Lending Coinbase Wrapped Staked ETH can be a great option for those who want to hold CBETH while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Coinbase Wrapped Staked ETH (CBETH) tokens
To lend Coinbase Wrapped Staked ETH, you need to possess it. To acquire Coinbase Wrapped Staked ETH, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Coinbase Coinbase Wrapped Staked ETH (CBETH) 3,242.79
2. Choose a Coinbase Wrapped Staked ETH lender
Once you have CBETH, you'll need to choose a Coinbase Wrapped Staked ETH lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Coinbase Wrapped Staked ETH (CBETH) Up to 0.91% p.a.
3. Earn Coinbase Wrapped Staked ETH
Once you've chosen a platform to earn your Coinbase Wrapped Staked ETH, transfer your Coinbase Wrapped Staked ETH into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Coinbase	Coinbase Wrapped Staked ETH (CBETH)	3,242.79

Platform	Coin	Interest rate
Aave	Coinbase Wrapped Staked ETH (CBETH)	Up to 0.91% p.a.

What to Be Aware Of

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