How to Earn Wrapped stETH (WSTETH): A Step-by-Step Guide for Italians

Introduction

Lending Wrapped stETH can be an excellent choice for those looking to hold WSTETH while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. Acquire Wrapped stETH (WSTETH) Tokens
To lend Wrapped stETH, you must first possess it. To acquire Wrapped stETH, you'll need to buy it. You can select from these well-known exchanges available in Italy.
2. Select a Wrapped stETH Lender in Italy
Once you have WSTETH, you'll need to select a Wrapped stETH lending platform to lend your tokens. You can explore some options here.
Piattaforma Criptovaluta APY
Aave Wrapped stETH (WSTETH) Up to 0,45% APY
Compound Wrapped stETH (WSTETH) Up to 0,9% APY
Discover all 21 lending APY rates
3. Earn Wrapped stETH in Italy and take advantage of competitive APY rates offered by various providers
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 accrue APY. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more interest you can accumulate. Be sure to choose a platform that offers compounding interest to maximize your returns.