Introduction
Lending crvUSD can be a great option for those who want to hold CRVUSD while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain crvUSD (CRVUSD) tokens
To lend crvUSD, you need to possess it. To acquire crvUSD, you'll need to buy it. You can select from these popular exchanges.
2. Choose a crvUSD lender
Once you have CRVUSD, you'll need to choose a crvUSD lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate Aave crvUSD (CRVUSD) Up to 4.12% p.a. 3. Earn crvUSD
Once you've chosen a platform to earn your crvUSD, transfer your crvUSD into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
crvUSD (CRVUSD) is currently priced at USD 4.12 with a 24-hour trading volume of USD 29.3M. The market cap of crvUSD stands at USD 78.69M, with 78.63M CRVUSD in circulation. For those looking to buy or trade crvUSD, Aave offers avenues to do so securely and efficiently
- Market capitalisation
- USD 78.69M
- 24-hour volume
- USD 29.3M
- Circulating supply
- 78.63M CRVUSD
