Introduction
Lending Aave BAT v1 can be an excellent option for those who wish to hold ABAT while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Aave BAT v1 (ABAT) Tokens
To lend Aave BAT v1, you need to possess it. To obtain Aave BAT v1, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Aave BAT v1 Lender in the UK
Once you have ABAT, you'll need to choose a Aave BAT v1 lending platform to lend your tokens. You can see some options here.
Platform Coin AER Aave Aave BAT v1 (ABAT) Up to 0.00004504% AER 3. Earn Aave BAT v1
Once you've selected a platform to earn your Aave BAT v1, transfer your Aave BAT v1 into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
missing en-gb translation: common.latest-movements-copy
