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

Introduction

Lending WETH can be an excellent choice for those looking to hold WETH 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 WETH (WETH) Tokens
To lend WETH, you first need to possess it. To acquire WETH, you'll need to buy it. You can select from these well-known exchanges.
2. Select a WETH Lender
Once you have WETH, you'll need to select a WETH lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave WETH (WETH) Up to 2,03% APY
Compound WETH (WETH) Up to 1,98% APY
View all 32 lending APYs
3. Lend Your WETH
Once you've selected a platform to lend your WETH, transfer your WETH 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	APY
Aave	WETH (WETH)	Up to 2,03% APY
Compound	WETH (WETH)	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.