How to Lend Aave (AAVE) in the UK

Introduction

Lending Aave can be an excellent option for those who wish to hold AAVE 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 Aave (AAVE) Tokens

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

   Platform	Coin	Price
   Nexo	Aave (AAVE)	151.43
   PrimeXBT	Aave (AAVE)	151.13
   YouHodler	Aave (AAVE)	151.07
   Binance	Aave (AAVE)	151.39
   BTSE	Aave (AAVE)	151.34
   Coinbase	Aave (AAVE)	151.17

   View all 77 prices

2. 2. Choose a Aave Lender in the UK

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

   Platform	Coin	AER
   Nexo	Aave (AAVE)	Up to 4% AER
   YouHodler	Aave (AAVE)	Up to 12% AER
   Aave	Aave (AAVE)	Up to 0% AER
   Blockchain.com	Aave (AAVE)	Up to 2% AER

   View all 12 loan rates

3. 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 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.