Introduction
Lending Aave can be a great option for those who want to hold AAVE but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Aave (AAVE) Tokens
To lend Aave, you need to have it. To acquire Aave, you’ll need to buy it. You can choose from these popular exchanges.
See all 40 pricesPlatform Coin Price Nexo Aave (AAVE) 281.7 PrimeXBT Aave (AAVE) 281.88 M2 Aave (AAVE) 281.64 Uphold Aave (AAVE) 281.94 Kraken Aave (AAVE) 282.26 OKX Aave (AAVE) 281.72 2. Choose a Aave Lender
Once you have AAVE, you’ll need to choose a Aave lending platform to lend your tokens. You can see some options here.
See all 6 lending ratesPlatform Coin Interest rate Nexo Aave (AAVE) Up to 4 AER YouHodler Aave (AAVE) Up to 12 AER Kucoin Aave (AAVE) Up to 0.05 AER 3. Lend Your Aave
Once you’ve chosen a platform to lend your Aave, transfer your Aave into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Aave (AAVE) is currently priced at US$0.05 with a 24-hour trading volume of US$592.95M. The market cap of Aave stands at US$4.32B, with US$15.04M AAVE in circulation. For those looking to purchase or trade Aave, Nexo offers avenues to do so securely and efficiently}
- Market capitalisation
- US$4.32B
- 24-hour volume
- US$592.95M
- Circulating supply
- US$15.04M
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