How to Earn Wrapped eETH (WEETH): A Step-by-Step Guide for South Africans

Introduction

Lending Wrapped eETH can be an excellent choice for those looking to hold WEETH 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. Acquire Wrapped eETH (WEETH) Tokens
To lend Wrapped eETH, you first need to possess it. To acquire Wrapped eETH, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Azbit Wrapped eETH (WEETH) 3 404,51
Bitget Wrapped eETH (WEETH) 3 383,26
Gate.io Wrapped eETH (WEETH) 3 387,07
MEXC Global Wrapped eETH (WEETH) 4 140,62
View all 6 prices
2. Select a Wrapped eETH Lender
Once you have WEETH, you'll need to select a Wrapped eETH lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave Wrapped eETH (WEETH) Up to 0,23% APY
Compound Wrapped eETH (WEETH) Up to 1,98% APY
View all 12 lending APYs
3. Earn Wrapped eETH
Once you've selected a platform to earn your Wrapped eETH, transfer your Wrapped eETH 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. 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.

Platform	Mint	Cost
Azbit	Wrapped eETH (WEETH)	3 404,51
Bitget	Wrapped eETH (WEETH)	3 383,26
Gate.io	Wrapped eETH (WEETH)	3 387,07
MEXC Global	Wrapped eETH (WEETH)	4 140,62

Platform	Mint	APY
Aave	Wrapped eETH (WEETH)	Up to 0,23% APY
Compound	Wrapped eETH (WEETH)	Up to 1,98% APY

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.