Introduction
Lending Aave can be a great option for those who want to hold AAVE 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 (AAVE) Tokens
In order to lend Aave, you need to have it. To obtain Aave, you’ll need to purchase it. You can choose from these popular exchanges.
See all 24 pricesPlatform Coin Price Nexo Aave (AAVE) 151.35 Bitpanda Aave (AAVE) 147.03 Wirex Aave (AAVE) 146.21 Uphold Aave (AAVE) 150.21 Klink Aave (AAVE) 144.65 Kraken Aave (AAVE) 145.45 2. Choose a Aave Lender
Once you have AAVE, you’ll need to choose a Aave lending platform to lend your tokens. You can see some options here.
See all 8 lending ratesPlatform Coin Interest rate Nexo Aave (AAVE) Up to 4.00 APY Kucoin Aave (AAVE) Up to 0.05 APY 3. Lend Your Aave
Once you’ve chosen a platform to lending your Aave, transfer your Aave 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 (AAVE) is currently priced at $0.01 with a 24-hour trading volume of $192.10M. The market cap of Aave stands at $2.19B, with $14.97M AAVE in circulation. For those looking to buy or trade Aave, Nexo offers avenues to do so securely and efficiently}
- Market cap
- $2.19B
- 24h volume
- $192.10M
- Circulating supply
- $14.97M
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