How to Lend Wrapped stETH (WSTETH) in Indonesia

Introduction

Lending Wrapped stETH can be an excellent choice for those in Indonesia looking to hold WSTETH while earning a yield. The process might seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide

1. 1. Acquire Wrapped stETH (WSTETH) Tokens in Indonesia

   To lend Wrapped stETH in Indonesia, you first need to acquire it. To obtain Wrapped stETH, you will need to purchase it from one of the popular exchanges available in the region.

2. 2. Select a Wrapped stETH Lending Partner in Indonesia

   Once you have WSTETH, you'll need to select a Wrapped stETH lending platform to lend your tokens. In Indonesia, there are several options available that cater to local users. You can explore some of these platforms here.

   Platform in Indonesia	Koin	APY (Annual Percentage Yield)
   Aave	Wrapped stETH (WSTETH)	Up to 0,45% APY in Indonesia
   Compound	Wrapped stETH (WSTETH)	Up to 0,08% APY in Indonesia

   Explore all 21 lending rates available in Indonesia

3. 3. Lend Your Wrapped stETH in Indonesia

   Once you've selected a platform to lend your Wrapped stETH, transfer your Wrapped stETH into your wallet on the lending platform. After the deposit is completed, it will begin to earn APY. Some platforms in Indonesia offer daily interest payments, while others may pay out weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Be sure to choose a lending platform that offers compounding interest to maximize your returns in the Indonesian market.

What to Consider in Indonesia

Lending your cryptocurrency in Indonesia can come with its own set of risks