Introduction
Lending Sushi can be an excellent choice for those looking to hold SUSHI while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
Step-by-Step Guide for UAE Residents
1. Acquire Sushi (SUSHI) Tokens
To lend Sushi, you must first acquire it. To obtain Sushi, you will need to purchase it. You can select from these well-known exchanges available in the UAE.
View all 67 pricesPlatform Cryptocurrency Price Nexo Sushi (SUSHI) 0.8 Kraken Sushi (SUSHI) 0.8 OKX Sushi (SUSHI) 0.54 Binance Sushi (SUSHI) 0.8 BTSE Sushi (SUSHI) 0.8 Coinbase Sushi (SUSHI) 0.8 2. Select a Sushi provider in the UAE
Once you have SUSHI, you'll need to select a Sushi lending platform to lend your tokens. You can explore some options available in the UAE market here.
View all 11 financing ratesPlatform Cryptocurrency APY Aave Sushi (SUSHI) Up to 66.93% APY Bitget Sushi (SUSHI) Up to 1% APY Blockchain.com Sushi (SUSHI) Up to 3% APY 3. Earn Sushi
Once you've selected a platform to earn your Sushi, transfer your Sushi into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.
4. Earn APY on Your Investments
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Ensure that your earning platform offers compounding interest to maximize your returns.
What to Consider in the UAE Market
Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Recent Developments
Sushi (SUSHI) is currently priced at $66.93 with a 24-hour trading volume of $109.81M. The market cap of Sushi stands at $281.24M, with 192.79M SUSHI in circulation. For those looking to buy or trade Sushi, Aave offers avenues to do so securely and efficiently
- Market capitalization
- $281.24M
- 24-hour trading volume
- $109.81M
- Circulating supply
- 192.79M SUSHI