How to Lend Aave (AAVE) in Australia

Introduction

Lending Aave can be a great option for those who want to hold AAVE 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. 1. Obtain Aave (AAVE) Tokens

   To lend Aave, you need to possess it. To acquire Aave, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Aave (AAVE)	149.57
   PrimeXBT	Aave (AAVE)	149.49
   YouHodler	Aave (AAVE)	149.58
   Binance	Aave (AAVE)	149.56
   BTSE	Aave (AAVE)	149.35
   Coinbase	Aave (AAVE)	149.58

   See all 77 prices

2. 2. Choose a Aave lender

   Once you have AAVE, you'll need to choose a Aave lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Aave (AAVE)	Up to 4% p.a.
   YouHodler	Aave (AAVE)	Up to 12% p.a.
   Aave	Aave (AAVE)	Up to 0% p.a.
   Blockchain.com	Aave (AAVE)	Up to 2% p.a.

   See all 12 lending rates

3. 3. Lend Your Aave

   Once you've chosen a platform to lend your Aave, transfer your Aave into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your lending platform pays compounding interest to maximise your returns.

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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.