How to Lend WETH (WETH) in Russia: A Step-by-Step Guide

Introduction

Lending WETH can be an excellent choice for those in Russia who wish to hold WETH 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. Acquire WETH (WETH) Tokens in Russia
To lend WETH in Russia, you first need to acquire it. To obtain WETH, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.
2. Select a WETH Lender in Russia
Once you have WETH, you'll need to choose a WETH lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.
Platform Coin APY
Aave WETH (WETH) Up to 2.03% APY in Russia
Compound WETH (WETH) Up to 1.98% APY in Russia
Explore all 32 lending rates available in Russia
3. Lend Your WETH in Russia
Once you've selected a platform to lend your WETH, transfer your WETH 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. 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.