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How to Deposit USDC to AAVE and Earn Interest

In this guide, you will learn how to deposit USDC to AAVE to earn interest on your dollars.

Level

Beginner

Category

Earn

Tools

Chain

Base
  1. 1. Set Up a Crypto Wallet

    If you don't have one yet, download and set up a wallet that supports Base, such as Coinbase Wallet or MetaMask. Make sure to secure your wallet with a strong password and back up your recovery phrase. You can also set up a Coinbase Wallet directly here:

  2. 2. Get ETH (Ethereum) on Base

    If you don't have ETH on Base, you can transfer ETH from another chain, buy ETH directly from an exchange and send it to your wallet address on Base or you can use Coinbase Onramp to buy ETH with a credit card, click the button below to get started.

  3. 3. Get USDC (USD Coin) on Base

    If you don't have USDC on Base, you can transfer USDC from another chain, buy USDC directly from an exchange and send it to your wallet address on Base or you can use the secure widget (provided by Coinbase) below to buy USDC with a credit card, with ETH or via your Coinbase account, click the button below to get started.

  4. 3. Connect Your Wallet to AAVE

    1. Go to AAVE and select the option to connect your wallet.

    2. Choose your wallet (Coinbase Wallet, MetaMask, etc.) and follow the prompts to connect.

  5. 4. Deposit Funds to AAVE

    1. Once connected, navigate to the "Deposit" tab in the AAVE interface.

    2. Select the asset you want to deposit (e.g., ETH or USDC).

    3. Enter the amount you wish to deposit and click "Deposit."

    4. Confirm the transaction in your wallet and wait for it to be processed.

  6. Earn Interest

    After the deposit is confirmed, you'll start earning interest on your deposited funds. You can view your deposits and earnings in your AAVE dashboard.

  7. Disclaimer: This guide is for educational purposes only. DeFi investments carry risks, including potential loss of funds. Always do your own research and consider the risks before participating in any protocol.