How to Lend Wrapped AVAX (WAVAX) in Portugal

Introduction

Lending Wrapped AVAX can be an excellent choice for those looking to hold WAVAX while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Wrapped AVAX (WAVAX) Tokens in Portugal

   To lend Wrapped AVAX in Portugal, you first need to possess it. To acquire Wrapped AVAX, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

2. 2. Select a Wrapped AVAX Lender in Portugal

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

   Plataforma	Moeda	APY
   Aave	Wrapped AVAX (WAVAX)	Up to 1,87% APY in Portugal

3. 3. Lend Your Wrapped AVAX in Portugal

   Once you've selected a platform to lend your Wrapped AVAX, transfer your Wrapped AVAX into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may 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 more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks