How to Lend Nova Merged wBTC (zkLink) (WBTC) in Australia

Introduction

Lending Nova Merged wBTC (zkLink) can be a great option for those who want to hold WBTC 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 Nova Merged wBTC (zkLink) (WBTC) Tokens

   To lend Nova Merged wBTC (zkLink), you need to possess it. To acquire Nova Merged wBTC (zkLink), you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Uphold	Nova Merged wBTC (zkLink) (WBTC)	105,586.08
   Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	19,154.51
   Currency.com	Nova Merged wBTC (zkLink) (WBTC)	85,217.85
   FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	105,392
   Phemex	Nova Merged wBTC (zkLink) (WBTC)	115,557.42
   Probit	Nova Merged wBTC (zkLink) (WBTC)	115,760

   See all 12 prices

2. 2. Choose a Nova Merged wBTC (zkLink) lender

   Once you have WBTC, you'll need to choose a Nova Merged wBTC (zkLink) lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Nova Merged wBTC (zkLink) (WBTC)	Up to 0.13% p.a.
   Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	Up to 0.65% p.a.

   See all 4 lending rates

3. 3. Lend Your Nova Merged wBTC (zkLink)

   Once you've chosen a platform to lend your Nova Merged wBTC (zkLink), transfer your Nova Merged wBTC (zkLink) 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.