How to Lend 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. Lend Your WETH for attractive APY returns
After selecting a platform to lend your WETH, transfer your WETH 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. 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.