How to Lend Coinbase Wrapped Staked ETH (CBETH): A Step-by-Step Guide

Introduction

Lending Coinbase Wrapped Staked ETH can be a great option for those who want to hold CBETH but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Coinbase Wrapped Staked ETH (CBETH) Tokens
In order to lend Coinbase Wrapped Staked ETH, you need to have it. To obtain Coinbase Wrapped Staked ETH, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Coinbase Coinbase Wrapped Staked ETH (CBETH) 3,486.52
2. Choose a Coinbase Wrapped Staked ETH Lender
Once you have CBETH, you’ll need to choose a Coinbase Wrapped Staked ETH lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Aave Coinbase Wrapped Staked ETH (CBETH) Up to 0.91% APY
3. Lend Your Coinbase Wrapped Staked ETH
Once you’ve chosen a platform to lending your Coinbase Wrapped Staked ETH, transfer your Coinbase Wrapped Staked ETH into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Coinbase	Coinbase Wrapped Staked ETH (CBETH)	3,486.52

Platform	Coin	Interest rate
Aave	Coinbase Wrapped Staked ETH (CBETH)	Up to 0.91% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.