How to Lend Aave BUSD (ABUSD) in Australia

Introduction

Lending Aave BUSD can be a great option for those who want to hold ABUSD 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 BUSD (ABUSD) Tokens

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

2. 2. Choose a Aave BUSD lender

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

   Platform	Coin	Interest rate
   Aave	Aave BUSD (ABUSD)	Up to 0.0002741% p.a.

3. 3. Lend Your Aave BUSD

   Once you've chosen a platform to lend your Aave BUSD, transfer your Aave BUSD 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.