How to Lend Aave REN v1 (AREN) in Australia

Introduction

Lending Aave REN v1 can be a great option for those who want to hold AREN 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 REN v1 (AREN) Tokens

   To lend Aave REN v1, you need to possess it. To acquire Aave REN v1, you'll need to buy it. You can select from these popular exchanges.

2. 2. Choose a Aave REN v1 lender

   Once you have AREN, you'll need to choose a Aave REN v1 lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Aave REN v1 (AREN)	Up to 0.00001124% p.a.

3. 3. Lend Your Aave REN v1

   Once you've chosen a platform to lend your Aave REN v1, transfer your Aave REN v1 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.