How to Lend Ether.fi (ETHFI) in Australia

Introduction

Lending Ether.fi can be a great option for those who want to hold ETHFI 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 Ether.fi (ETHFI) Tokens

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

   Platform	Coin	Cost
   Binance	Ether.fi (ETHFI)	1.08
   BTSE	Ether.fi (ETHFI)	1.08
   Coinbase	Ether.fi (ETHFI)	1.08
   Kraken	Ether.fi (ETHFI)	1.08
   OKX	Ether.fi (ETHFI)	1.07
   BingX	Ether.fi (ETHFI)	1.08

   See all 44 prices

2. 2. Choose a Ether.fi lender

   Once you have ETHFI, you'll need to choose a Ether.fi lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Bitget	Ether.fi (ETHFI)	Up to 1% p.a.
   Kucoin	Ether.fi (ETHFI)	Up to 0.5% p.a.

3. 3. Lend Your Ether.fi

   Once you've chosen a platform to lend your Ether.fi, transfer your Ether.fi 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.