How to Lend Aave REN v1 (AREN) in the UK

Introduction

Lending Aave REN v1 can be an excellent option for those who wish to hold AREN 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 REN v1 (AREN) Tokens

   To lend Aave REN v1, you need to possess it. To obtain Aave REN v1, you'll need to purchase it. You can choose from these popular exchanges in the UK.

2. 2. Choose a Aave REN v1 Lender in the UK

   Once you have AREN, you'll need to choose a Aave REN v1 lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Aave	Aave REN v1 (AREN)	Up to 0.00001124% AER

3. 3. Lend Your Aave REN v1

   Once you've chosen a platform to lend your Aave REN v1, transfer your Aave REN v1 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.