How to Lend Wrapped AVAX (WAVAX)

Introduction

Lending Wrapped AVAX can be an excellent choice for those looking to hold WAVAX 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. 1. Acquire Wrapped AVAX (WAVAX) Tokens

   To lend Wrapped AVAX, you must first possess it. To acquire Wrapped AVAX, you'll need to buy it. You can select from these well-known exchanges available in Italy.

2. 2. Select a Wrapped AVAX Lender in Italy

   Once you have WAVAX, you'll need to select a Wrapped AVAX lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Aave	Wrapped AVAX (WAVAX)	Up to 1,87% APY

3. 3. Lend Your Wrapped AVAX in Italy

   Once you've selected a platform to lend your Wrapped AVAX, transfer your Wrapped AVAX into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so 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 returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks