How to Lend Wrapped AVAX (WAVAX) in Vietnam

Introduction

Lending Wrapped AVAX is an excellent choice for those looking to hold WAVAX while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Wrapped AVAX (WAVAX) Tokens

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

2. 2. Select a Wrapped AVAX Lender

   Once you have WAVAX, you'll need to select a Wrapped AVAX lending platform to lend your tokens. You can find some options listed here.

   Platform	Coin	Interest rate
   Aave	Wrapped AVAX (WAVAX)	Earn up to 1.87% APY

3. 3. Lend Your Wrapped AVAX

   After selecting a platform to lend your Wrapped AVAX, transfer your Wrapped AVAX into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.