How to Lend Frapped USDT (FUSDT) in Australia: A Step-by-Step Guide

Introduction

Lending Frapped USDT can be a great option for those who want to hold FUSDT 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 Frapped USDT (FUSDT) Tokens
To lend Frapped USDT, you need to possess it. To acquire Frapped USDT, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Frapped USDT lender
Once you have FUSDT, you'll need to choose a Frapped USDT lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Frapped USDT (FUSDT) Up to 0.06% p.a.
3. Lend Your Frapped USDT
Once you've chosen a platform to lend your Frapped USDT, transfer your Frapped USDT into your wallet on the lending 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 lending platform pays compounding interest to maximise your returns.

Platform	Coin	Interest rate
Aave	Frapped USDT (FUSDT)	Up to 0.06% p.a.

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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.