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Introduction

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

Step-by-Step Guide for Indian Investors

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

   To lend Wrapped stETH, you first need to possess it. To acquire Wrapped stETH, you'll have to buy it. You can select from these popular Indian exchanges.

2. 2. Choose a Wrapped stETH Lender in India

   Once you have WSTETH, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	APY
   Aave	Wrapped stETH (WSTETH)	Up to 0.45% APY
   Compound	Wrapped stETH (WSTETH)	Up to 0.86% APY

   View all 21 lending rates in India

3. 3. Earn Wrapped stETH in India

   Once you've selected a platform to earn your Wrapped stETH, transfer your Wrapped stETH into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in India

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Indian market.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.