How to Lend Aave (AAVE): A Step-by-Step Guide for South Africans

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. 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) 151,43
PrimeXBT Aave (AAVE) 151,13
YouHodler Aave (AAVE) 151,07
Binance Aave (AAVE) 151,39
BTSE Aave (AAVE) 151,34
Coinbase Aave (AAVE) 151,17
View all 77 prices
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. Lend Your Aave
Once you've selected a platform to lend your Aave, transfer your Aave into your wallet on the lending platform. Once it's deposited, it will begin to earn 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. Make sure your lending platform pays compounding interest to maximise your returns.

Platform	Mint	Cost
Nexo	Aave (AAVE)	151,43
PrimeXBT	Aave (AAVE)	151,13
YouHodler	Aave (AAVE)	151,07
Binance	Aave (AAVE)	151,39
BTSE	Aave (AAVE)	151,34
Coinbase	Aave (AAVE)	151,17

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

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.