How to Lend Kelp DAO Restaked ETH (RSETH)

Introduction

Lending Kelp DAO Restaked ETH can be an excellent choice for those looking to hold RSETH 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 Kelp DAO Restaked ETH (RSETH) Tokens

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

2. 2. Select a Kelp DAO Restaked ETH Lender

   Once you have RSETH, you'll need to select a Kelp DAO Restaked ETH lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Aave	Kelp DAO Restaked ETH (RSETH)	Up to 0,00000112% APY
   Compound	Kelp DAO Restaked ETH (RSETH)	Up to 0,58% APY

   View all 4 lending APYs

3. 3. Lend Your Kelp DAO Restaked ETH

   Once you've selected a platform to lend your Kelp DAO Restaked ETH, transfer your Kelp DAO Restaked ETH 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. 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.

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.