How to Lend Wrapped eETH (WEETH): A Step-by-Step Guide for the UK

Introduction

Lending Wrapped eETH can be an excellent option for those who wish to hold WEETH 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 Wrapped eETH (WEETH) Tokens
To lend Wrapped eETH, you need to possess it. To obtain Wrapped eETH, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Azbit Wrapped eETH (WEETH) 3,404.51
Bitget Wrapped eETH (WEETH) 3,383.26
Gate.io Wrapped eETH (WEETH) 3,387.07
MEXC Global Wrapped eETH (WEETH) 4,140.62
View all 6 prices
2. Choose a Wrapped eETH Lender in the UK
Once you have WEETH, you'll need to choose a Wrapped eETH lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Aave Wrapped eETH (WEETH) Up to 0.23% AER
Compound Wrapped eETH (WEETH) Up to 1.98% AER
View all 12 loan rates
3. Lend Your Wrapped eETH
Once you've chosen a platform to lend your Wrapped eETH, transfer your Wrapped eETH 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	Price
Azbit	Wrapped eETH (WEETH)	3,404.51
Bitget	Wrapped eETH (WEETH)	3,383.26
Gate.io	Wrapped eETH (WEETH)	3,387.07
MEXC Global	Wrapped eETH (WEETH)	4,140.62

Platform	Coin	AER
Aave	Wrapped eETH (WEETH)	Up to 0.23% AER
Compound	Wrapped eETH (WEETH)	Up to 1.98% 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.