How to Lend Kelp DAO Restaked ETH (RSETH) in Australia

Introduction

Lending Kelp DAO Restaked ETH can be a great option for those who want to hold RSETH 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 Kelp DAO Restaked ETH (RSETH) Tokens

   To lend Kelp DAO Restaked ETH, you need to possess it. To acquire Kelp DAO Restaked ETH, you'll need to buy it. You can select from these popular exchanges.

2. 2. Choose a Kelp DAO Restaked ETH lender

   Once you have RSETH, you'll need to choose a Kelp DAO Restaked ETH lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Kelp DAO Restaked ETH (RSETH)	Up to 0.00000112% p.a.
   Compound	Kelp DAO Restaked ETH (RSETH)	Up to 0.58% p.a.

   See all 4 lending rates

3. 3. Lend Your Kelp DAO Restaked ETH

   Once you've chosen a platform to lend your Kelp DAO Restaked ETH, transfer your Kelp DAO Restaked 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.