How to Lend WETH (WETH): A Step-by-Step Guide for Spain

Introduction

Lending WETH can be an excellent choice for those looking to hold WETH while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire WETH (WETH) Tokens
To lend WETH, you first need to possess it. To acquire WETH, you'll have to buy it. You can select from these popular exchanges available in Spain.
2. Select a WETH Lender
Once you have WETH, you'll need to select a WETH lending platform to lend your tokens. You can explore some options here.
Plataforma Cripto APY
Aave WETH (WETH) Hasta 2,03% APY
Compound WETH (WETH) Hasta 1,98% APY
Lending APY
3. Lend Your WETH
Once you've selected a platform to lend your WETH, transfer your WETH into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Generate Earnings
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.