How to Lend Aave v3 WETH (AWETH) in Australia: A Step-by-Step Guide

Introduction

Lending Aave v3 WETH can be a great option for those who want to hold AWETH 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 Aave v3 WETH (AWETH) Tokens
To lend Aave v3 WETH, you need to possess it. To acquire Aave v3 WETH, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Aave v3 WETH lender
Once you have AWETH, you'll need to choose a Aave v3 WETH lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Aave v3 WETH (AWETH) Up to 0.05% p.a.
3. Lend Your Aave v3 WETH
Once you've chosen a platform to lend your Aave v3 WETH, transfer your Aave v3 WETH 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. 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.

Platform	Coin	Interest rate
Aave	Aave v3 WETH (AWETH)	Up to 0.05% 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.