How to Lend Wrapped USTC (USTC) in Australia

Introduction

Lending Wrapped USTC can be a great option for those who want to hold USTC 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 Wrapped USTC (USTC) Tokens

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

   Platform	Coin	Cost
   Kraken	Wrapped USTC (USTC)	0.01
   CoinEx	Wrapped USTC (USTC)	0.01
   Hotcoin	Wrapped USTC (USTC)	0.01
   Kucoin	Wrapped USTC (USTC)	0.01
   MEXC Global	Wrapped USTC (USTC)	0.01

   See all 10 prices

2. 2. Choose a Wrapped USTC lender

   Once you have USTC, you'll need to choose a Wrapped USTC lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Wrapped USTC (USTC)	Up to 0.5% p.a.

3. 3. Lend Your Wrapped USTC

   Once you've chosen a platform to lend your Wrapped USTC, transfer your Wrapped USTC 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.