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Introduction

Lending Wrapped stETH can be an excellent choice for those looking to hold WSTETH 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 Wrapped stETH (WSTETH) Tokens

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

2. 2. Select a Wrapped stETH Lender

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

   Platform	Mint	APY
   Aave	Wrapped stETH (WSTETH)	Up to 0,45% APY
   Compound	Wrapped stETH (WSTETH)	Up to 0,86% APY

   View all 21 lending APYs

3. 3. Earn Wrapped stETH

   Once you've selected a platform to earn your Wrapped stETH, transfer your Wrapped stETH 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.