How to Lend Wrapped Fantom (WFTM) in the cryptocurrency market

Introduction

Lending Wrapped Fantom can be an excellent choice for individuals looking to hold WFTM 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 Fantom (WFTM) Tokens

   To lend Wrapped Fantom, you must first possess it. To acquire Wrapped Fantom, 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 Fantom lending platform

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

   平台	Coin	APY
   Aave	Wrapped Fantom (WFTM)	Up to 0.25% APY

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

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