Earn up to
1.87% APY
A comprehensive guide on how to earn Wrapped AVAX (WAVAX)
We have extensive data on earning Wrapped AVAX (WAVAX), and we are pleased to share some of this information with you.
We present various earning opportunities with alternative coins that may pique your interest.
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Lending Wrapped AVAX is an excellent choice for those looking to hold WAVAX 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.
To lend Wrapped AVAX, you must first possess it. To acquire Wrapped AVAX, you will need to buy it. You can select from these well-known exchanges.
Once you have WAVAX, you'll need to select a Wrapped AVAX lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Aave | Wrapped AVAX (WAVAX) | Earn up to 1.87% APY |
After selecting a platform to earn your Wrapped AVAX, transfer your Wrapped AVAX 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.
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.
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.
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