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Introduction

Lending Coinbase Wrapped BTC is an excellent choice for those looking to hold CBBTC while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Coinbase Wrapped BTC (CBBTC) Tokens

   To lend Coinbase Wrapped BTC, you must first possess it. To acquire Coinbase Wrapped BTC, you will need to buy it. You can select from these well-known exchanges.

2. 2. Select a Coinbase Wrapped BTC Lender

   Once you have CBBTC, you'll need to select a Coinbase Wrapped BTC lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Coinbase Wrapped BTC (CBBTC)	Earn up to 0% APY
   Compound	Coinbase Wrapped BTC (CBBTC)	Earn up to 0.42% APY

   View all 4 loan rates

3. 3. Earn Coinbase Wrapped BTC

   After selecting a platform to earn your Coinbase Wrapped BTC, transfer your Coinbase Wrapped BTC to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.