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Introduction

Lending WETH can be an excellent choice for those looking to hold WETH while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire WETH (WETH) Tokens

   To lend WETH, you first need to possess it. To acquire WETH, you will have to buy it. You can select from these popular exchanges available in Uganda.

2. 2. Select a WETH Lender

   Once you have WETH, you'll need to select a WETH lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Aave	WETH (WETH)	Up to 2.03% APY
   Compound	WETH (WETH)	Up to 1.98% APY

   View all 32 APY rates

3. 3. Earn WETH in Uganda's vibrant financial landscape

   Once you've selected a platform to earn your WETH, transfer your WETH into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay APY daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.