How to Lend Aave (AAVE) in the cryptocurrency market

Introduction

Lending Aave can be an excellent choice for individuals looking to hold AAVE 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. 1. Acquire Aave (AAVE) Tokens

   To lend Aave, you must first possess it. To acquire Aave, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	Aave (AAVE)	151.28 APY
   PrimeXBT	Aave (AAVE)	151.19 APY
   YouHodler	Aave (AAVE)	151.11 APY
   Binance	Aave (AAVE)	151.29 APY
   BTSE	Aave (AAVE)	151.29 APY
   Coinbase	Aave (AAVE)	151.16 APY

   View all 77 prices

2. 2. Select a Aave lending platform

   Once you have AAVE, you'll need to select a Aave lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Nexo	Aave (AAVE)	Up to 4% APY
   YouHodler	Aave (AAVE)	Up to 12% APY
   Aave	Aave (AAVE)	Up to 0% APY
   Blockchain.com	Aave (AAVE)	Up to 2% APY

   View all 12 loan interest rates

3. 3. Lend Your Aave for attractive APY returns

   After selecting a platform to lend your Aave, transfer your Aave into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks