Introduction
Lending Aave v3 CRV can be a great option for those who want to hold ACRV but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain Aave v3 CRV (ACRV) Tokens
In order to lend Aave v3 CRV, you need to have it. To obtain Aave v3 CRV, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Aave v3 CRV Lender
Once you have ACRV, you'll need to choose a Aave v3 CRV lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Aave Aave v3 CRV (ACRV) Up to 0.000006388% APY 3. Lend Your Aave v3 CRV
Once you've chosen a platform to lending your Aave v3 CRV, transfer your Aave v3 CRV into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Aave v3 CRV (ACRV) is currently priced at US$0.000006388. For those looking to buy or trade Aave v3 CRV, Aave offers avenues to do so securely and efficiently}