Introduction to the world of cryptocurrency can be both exciting and daunting
Lending Wrapped eETH can be an excellent choice for those looking to hold WEETH while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire Wrapped eETH (WEETH) Tokens
To lend Wrapped eETH, you must first possess it. To acquire Wrapped eETH, you'll need to purchase it. You can select from these well-known exchanges.
See all 6 pricesPlatform Coin Price Azbit Wrapped eETH (WEETH) 3 404,51 Bitget Wrapped eETH (WEETH) 3 383,26 Gate.io Wrapped eETH (WEETH) 3 387,07 MEXC Global Wrapped eETH (WEETH) 4 140,62 2. Select a Wrapped eETH Lender
Once you have WEETH, you'll need to select a Wrapped eETH lending platform to lend your tokens. You can explore some options here.
See all 12 lending ratesPlatform Coin Interest rate Aave Wrapped eETH (WEETH) Up to 0,23% APY Compound Wrapped eETH (WEETH) Up to 1,98% APY 3. Earn Wrapped eETH with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your Wrapped eETH, transfer your Wrapped eETH into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
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- Market cap
- US$6.45B
- 24h volume
- US$18.68M
- Circulating supply
- 1,88M WEETH
