Cómo prestar Wrapped stETH (WSTETH)

Introduction

Lending Wrapped stETH can be an excellent choice for those looking to hold WSTETH 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 stETH (WSTETH) Tokens

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

2. 2. Select a Wrapped stETH Lender

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

   Plataforma	Cripto	APY
   Aave	Wrapped stETH (WSTETH)	Hasta 0,45% APY
   Compound	Wrapped stETH (WSTETH)	Hasta 1,98% APY

   Lending APY

3. 3. Lend Your Wrapped stETH

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