How to Lend Wrapped stETH (WSTETH) in Russia

Introduction

Lending Wrapped stETH can be an excellent choice for those in Russia who wish to hold WSTETH 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 Wrapped stETH (WSTETH) Tokens in Russia

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

2. 2. Select a Wrapped stETH Lender in Russia

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

   Platform	Coin	APY
   Aave	Wrapped stETH (WSTETH)	Up to 0.45% APY in Russia
   Compound	Wrapped stETH (WSTETH)	Up to 1.98% APY in Russia

   Explore all 21 lending rates available in Russia

3. 3. Lend Your Wrapped stETH in Russia

   Once you've selected a platform to lend your Wrapped stETH, transfer your Wrapped stETH 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