How to Lend Aave v2 USDC (AUSDC) in Australia

Introduction

Lending Aave v2 USDC can be a great option for those who want to hold AUSDC 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 v2 USDC (AUSDC) Tokens

   To lend Aave v2 USDC, you need to possess it. To acquire Aave v2 USDC, you'll need to buy it. You can select from these popular exchanges.

2. 2. Choose a Aave v2 USDC lender

   Once you have AUSDC, you'll need to choose a Aave v2 USDC lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Aave v2 USDC (AUSDC)	Up to 2.15% p.a.

3. 3. Lend Your Aave v2 USDC

   Once you've chosen a platform to lend your Aave v2 USDC, transfer your Aave v2 USDC 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.