Where and How to Earn Kelp DAO Restaked ETH (RSETH)

Introduction

Lending Kelp DAO Restaked ETH can be an excellent choice for those looking to hold RSETH while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. 1. Acquire Kelp DAO Restaked ETH (RSETH) Tokens

   To lend Kelp DAO Restaked ETH, you must first acquire it. To obtain Kelp DAO Restaked ETH, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

2. 2. Choose a Kelp DAO Restaked ETH Lender

   Once you have RSETH, you'll need to select a Kelp DAO Restaked ETH lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Aave	Kelp DAO Restaked ETH (RSETH)	Up to 0.0000012% APY
   Compound	Kelp DAO Restaked ETH (RSETH)	Up to 1.82% APY

   See all 4 lending rates

3. 3. Earn Kelp DAO Restaked ETH

   Once you've selected a platform to earn your Kelp DAO Restaked ETH, transfer your Kelp DAO Restaked ETH 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

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

What to be Aware of

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