Cómo prestar Wrapped AVAX (WAVAX)

Introduction

Lending Wrapped AVAX can be an excellent choice for those looking to hold WAVAX 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. 1. Acquire Wrapped AVAX (WAVAX) Tokens

   To lend Wrapped AVAX, you first need to possess it. To acquire Wrapped AVAX, you'll have to buy it. You can select from these popular exchanges available in Spain.

2. 2. Select a Wrapped AVAX Lender

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

   Plataforma	Cripto	APY
   Aave	Wrapped AVAX (WAVAX)	Hasta 1,87% APY

3. 3. Lend Your Wrapped AVAX

   Once you've selected a platform to lend your Wrapped AVAX, transfer your Wrapped AVAX 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. 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.

What to Keep in Mind

Lending your crypto can be risky