How to Lend Rocket Pool ETH (RETH) in the UK

Introduction

Lending Rocket Pool ETH can be an excellent option for those who wish to hold RETH 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 Rocket Pool ETH (RETH) Tokens

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

2. 2. Choose a Rocket Pool ETH Lender in the UK

   Once you have RETH, you'll need to choose a Rocket Pool ETH lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Aave	Rocket Pool ETH (RETH)	Up to 0.04% AER
   Compound	Rocket Pool ETH (RETH)	Up to 0.21% AER

   View all 8 loan rates

3. 3. Lend Your Rocket Pool ETH

   Once you've chosen a platform to lend your Rocket Pool ETH, transfer your Rocket Pool ETH 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.