How to Lend Aave v2 USDC (AUSDC) in India: A Step-by-Step Guide

Introduction

Lending Aave v2 USDC can be an excellent choice for those looking to hold AUSDC 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. Acquire Aave v2 USDC (AUSDC) Tokens in India
To lend Aave v2 USDC, you first need to possess it. To acquire Aave v2 USDC, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a Aave v2 USDC Lender in India
Once you have AUSDC, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY
Aave Aave v2 USDC (AUSDC) Up to 2.15% APY
3. Lend Your Aave v2 USDC in India
Once you've selected a platform to lend your Aave v2 USDC, transfer your Aave v2 USDC into your wallet on the lending platform. After the deposit is made, it will begin to earn APY. Some platforms offer interest payouts daily, while others may do so weekly or monthly.
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 returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

Platform	Coin	APY
Aave	Aave v2 USDC (AUSDC)	Up to 2.15% APY

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.