How to Lend Aave (AAVE) in Russia

Introduction

Lending Aave can be an excellent choice for those in Russia who wish to hold AAVE while generating yield. The process may seem overwhelming, particularly for first-time users. To simplify things, we've created this comprehensive guide tailored for the Russian market.

Step-by-Step Guide

1. 1. Acquire Aave (AAVE) Tokens in Russia

   To lend Aave in Russia, you first need to acquire it. To obtain Aave, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.

   Platform	Coin	Cost
   Nexo	Aave (AAVE)	168.26
   PrimeXBT	Aave (AAVE)	167.91
   YouHodler	Aave (AAVE)	167.92
   Binance	Aave (AAVE)	168.12
   BTSE	Aave (AAVE)	168.1
   Coinbase	Aave (AAVE)	167.96

   View all 77 rates

2. 2. Select a Aave Lender in Russia

   Once you have AAVE, you'll need to choose a Aave lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.

   Platform	Coin	APY
   Nexo	Aave (AAVE)	Up to 4% APY in Russia
   YouHodler	Aave (AAVE)	Up to 12% APY in Russia
   Aave	Aave (AAVE)	Up to 0% APY in Russia
   Blockchain.com	Aave (AAVE)	Up to 2% APY in Russia

   Explore all 12 lending rates available in Russia

3. 3. Lend Your Aave in Russia

   Once you've selected a platform to lend your Aave, transfer your Aave 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 may pay out weekly or monthly, catering to the preferences of Russian investors.

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 maximize your returns in the Russian market.

What to Consider in Russia

Lending your cryptocurrency in Russia can involve certain risks