How to Lend Rocket Pool ETH (RETH) in Australia

Introduction

Lending Rocket Pool ETH can be a great option for those who want to hold RETH 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 Rocket Pool ETH (RETH) Tokens

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

2. 2. Choose a Rocket Pool ETH lender

   Once you have RETH, you'll need to choose a Rocket Pool ETH lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Rocket Pool ETH (RETH)	Up to 0.04% p.a.
   Compound	Rocket Pool ETH (RETH)	Up to 0.14% p.a.

   See all 8 lending rates

3. 3. Lend Your Rocket Pool ETH

   Once you've chosen a platform to lend your Rocket Pool ETH, transfer your Rocket Pool 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.