How to Lend Wrapped AVAX (WAVAX) in the cryptocurrency market

Introduction

Lending Wrapped AVAX can be an excellent choice for individuals looking to hold WAVAX 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 Wrapped AVAX (WAVAX) Tokens

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

2. 2. Select a Wrapped AVAX lending platform

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

   Platform	Coin	APY
   Aave	Wrapped AVAX (WAVAX)	Up to 1.87% APY

3. 3. Lend Your Wrapped AVAX for attractive APY returns

   After selecting a platform to lend your Wrapped AVAX, transfer your Wrapped AVAX 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