How to Lend Rocket Pool ETH (RETH)

Introduction

Lending Rocket Pool ETH can be an excellent choice for those looking to hold RETH 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 Rocket Pool ETH (RETH) Tokens

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

2. 2. Select a Rocket Pool ETH Lender

   Once you have RETH, you'll need to select a Rocket Pool ETH lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Aave	Rocket Pool ETH (RETH)	Up to 0,04% APY
   Compound	Rocket Pool ETH (RETH)	Up to 0,21% APY

   View all 8 lending APYs

3. 3. Lend Your Rocket Pool ETH

   Once you've selected a platform to lend your Rocket Pool ETH, transfer your Rocket Pool 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.