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Introduction

Lending Wrapped stETH can be an excellent option for those who wish to hold WSTETH 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. 1. Obtain Wrapped stETH (WSTETH) Tokens

   To lend Wrapped stETH, you need to possess it. To obtain Wrapped stETH, you'll need to purchase it. You can choose from these popular exchanges in the UK.

2. 2. Choose a Wrapped stETH Lender in the UK

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

   Platform	Coin	AER
   Aave	Wrapped stETH (WSTETH)	Up to 0.45% AER
   Compound	Wrapped stETH (WSTETH)	Up to 1.98% AER

   View all 21 loan rates

3. 3. Earn Wrapped stETH

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