Introduction
Lending Kelp DAO Restaked ETH can be an excellent option for those who wish to hold RSETH 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 Kelp DAO Restaked ETH (RSETH) Tokens
To lend Kelp DAO Restaked ETH, you need to possess it. To obtain Kelp DAO Restaked ETH, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Kelp DAO Restaked ETH Lender in the UK
Once you have RSETH, you'll need to choose a Kelp DAO Restaked ETH lending platform to lend your tokens. You can see some options here.
View all 4 loan ratesPlatform Coin AER Aave Kelp DAO Restaked ETH (RSETH) Up to 0.00000112% AER Compound Kelp DAO Restaked ETH (RSETH) Up to 0.58% AER 3. Earn Kelp DAO Restaked ETH
Once you've selected a platform to earn your Kelp DAO Restaked ETH, transfer your Kelp DAO Restaked ETH 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
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- Market capitalisation
- US$1.63B
- 24-hour volume
- US$4.77M
- Circulating supply
- 486,750.53 RSETH
