How to Lend Bridged USDC (Base) (USDBC): A Step-by-Step Guide for the UK

Introduction

Lending Bridged USDC (Base) can be an excellent option for those who wish to hold USDBC 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 Bridged USDC (Base) (USDBC) Tokens
To lend Bridged USDC (Base), you need to possess it. To obtain Bridged USDC (Base), you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Bridged USDC (Base) Lender in the UK
Once you have USDBC, you'll need to choose a Bridged USDC (Base) lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Aave Bridged USDC (Base) (USDBC) Up to 6.58% AER
3. Lend Your Bridged USDC (Base)
Once you've chosen a platform to lend your Bridged USDC (Base), transfer your Bridged USDC (Base) 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. 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.

Platform	Coin	AER
Aave	Bridged USDC (Base) (USDBC)	Up to 6.58% AER

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.