How to Lend Coinbase Wrapped Staked ETH (CBETH) in Australia

Introduction

Lending Coinbase Wrapped Staked ETH can be a great option for those who want to hold CBETH 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 Coinbase Wrapped Staked ETH (CBETH) Tokens

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

   Platform	Coin	Cost
   Coinbase	Coinbase Wrapped Staked ETH (CBETH)	4,952.45

2. 2. Choose a Coinbase Wrapped Staked ETH lender

   Once you have CBETH, you'll need to choose a Coinbase Wrapped Staked ETH lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Coinbase Wrapped Staked ETH (CBETH)	Up to 0.91% p.a.

3. 3. Lend Your Coinbase Wrapped Staked ETH

   Once you've chosen a platform to lend your Coinbase Wrapped Staked ETH, transfer your Coinbase Wrapped Staked ETH 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.