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Introduction

Lending Aave can be an excellent choice for those looking to hold AAVE while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Aave (AAVE) Tokens

   To lend Aave, you first need to possess it. To acquire Aave, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	Aave (AAVE)	151,28
   PrimeXBT	Aave (AAVE)	151,19
   YouHodler	Aave (AAVE)	151,11
   Binance	Aave (AAVE)	151,29
   BTSE	Aave (AAVE)	151,29
   Coinbase	Aave (AAVE)	151,16

   View all 77 prices

2. 2. Select a Aave Lender

   Once you have AAVE, you'll need to select a Aave lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Nexo	Aave (AAVE)	Up to 4% APY
   YouHodler	Aave (AAVE)	Up to 12% APY
   Aave	Aave (AAVE)	Up to 0% APY
   Blockchain.com	Aave (AAVE)	Up to 2% APY

   View all 12 lending APYs

3. 3. Earn Aave

   Once you've selected a platform to earn your Aave, transfer your Aave into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.