How to Earn WETH (WETH): A Comprehensive Guide for Chinese Investors

Introduction

Lending WETH can be an excellent choice for individuals looking to hold WETH while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. Acquire WETH (WETH) Tokens
To lend WETH, you must first possess it. To acquire WETH, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.
2. Select a WETH lending platform
Once you have WETH, you'll need to select a WETH lending platform to lend your tokens. You can explore several options available in the market here.
Platform Coin APY
Aave WETH (WETH) Up to 2.03% APY
Compound WETH (WETH) Up to 1.98% APY
View all 32 loan interest rates
3. Earn WETH
Once you've selected a platform to earn your WETH, transfer your WETH into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.
4. Earn APY on Your Assets
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.