How to Lend Wrapped eETH (WEETH) in Australia: A Step-by-Step Guide

Introduction

Lending Wrapped eETH can be a great option for those who want to hold WEETH 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 Wrapped eETH (WEETH) Tokens
To lend Wrapped eETH, you need to possess it. To acquire Wrapped eETH, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Azbit Wrapped eETH (WEETH) 3,385.98
Bitget Wrapped eETH (WEETH) 3,384.47
Gate.io Wrapped eETH (WEETH) 3,385.86
MEXC Global Wrapped eETH (WEETH) 4,140.62
See all 6 prices
2. Choose a Wrapped eETH lender
Once you have WEETH, you'll need to choose a Wrapped eETH lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Wrapped eETH (WEETH) Up to 0.23% p.a.
Compound Wrapped eETH (WEETH) Up to 1.98% p.a.
See all 12 lending rates
3. Lend Your Wrapped eETH
Once you've chosen a platform to lend your Wrapped eETH, transfer your Wrapped eETH 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
Azbit	Wrapped eETH (WEETH)	3,385.98
Bitget	Wrapped eETH (WEETH)	3,384.47
Gate.io	Wrapped eETH (WEETH)	3,385.86
MEXC Global	Wrapped eETH (WEETH)	4,140.62

Platform	Coin	Interest rate
Aave	Wrapped eETH (WEETH)	Up to 0.23% p.a.
Compound	Wrapped eETH (WEETH)	Up to 1.98% 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.