How to Lend Nova Merged wBTC (zkLink) (WBTC): A Step-by-Step Guide for the UK

Introduction

Lending Nova Merged wBTC (zkLink) can be an excellent option for those who wish to hold WBTC 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 Nova Merged wBTC (zkLink) (WBTC) Tokens

To lend Nova Merged wBTC (zkLink), you need to possess it. To obtain Nova Merged wBTC (zkLink), you'll need to purchase it. You can choose from these popular exchanges in the UK.

Platform	Coin	Price
Uphold	Nova Merged wBTC (zkLink) (WBTC)	105,586.08
Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	19,154.51
Currency.com	Nova Merged wBTC (zkLink) (WBTC)	85,217.85
FMFW.io	Nova Merged wBTC (zkLink) (WBTC)	109,934
Phemex	Nova Merged wBTC (zkLink) (WBTC)	87,468.99
Probit	Nova Merged wBTC (zkLink) (WBTC)	107,090

View all 12 prices

2. Choose a Nova Merged wBTC (zkLink) Lender in the UK
Once you have WBTC, you'll need to choose a Nova Merged wBTC (zkLink) lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Aave Nova Merged wBTC (zkLink) (WBTC) Up to 0.13% AER
Blockchain.com Nova Merged wBTC (zkLink) (WBTC) Up to 0.65% AER
View all 4 loan rates
3. Lend Your Nova Merged wBTC (zkLink)
Once you've chosen a platform to lend your Nova Merged wBTC (zkLink), transfer your Nova Merged wBTC (zkLink) 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	Nova Merged wBTC (zkLink) (WBTC)	Up to 0.13% AER
Blockchain.com	Nova Merged wBTC (zkLink) (WBTC)	Up to 0.65% 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.