How to Lend Ether.fi (ETHFI) in Australia: A Step-by-Step Guide

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. 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
PrimeXBT Ether.fi (ETHFI) 0.71
Binance Ether.fi (ETHFI) 0.71
BTSE Ether.fi (ETHFI) 0.71
Coinbase Ether.fi (ETHFI) 0.71
Kraken Ether.fi (ETHFI) 0.71
OKX Ether.fi (ETHFI) 1.1
See all 46 prices
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. 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. 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	Cost
PrimeXBT	Ether.fi (ETHFI)	0.71
Binance	Ether.fi (ETHFI)	0.71
BTSE	Ether.fi (ETHFI)	0.71
Coinbase	Ether.fi (ETHFI)	0.71
Kraken	Ether.fi (ETHFI)	0.71
OKX	Ether.fi (ETHFI)	1.1

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