How to Lend Sun Token (SUN) in Australia

Introduction

Lending Sun Token can be a great option for those who want to hold SUN 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. 1. Obtain Sun Token (SUN) Tokens

   To lend Sun Token, you need to possess it. To acquire Sun Token, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Kraken	Sun Token (SUN)	0.02
   BingX	Sun Token (SUN)	0.02
   Bitfinex	Sun Token (SUN)	0.02
   Bitget	Sun Token (SUN)	0.02
   Bitmart	Sun Token (SUN)	0.02
   Bitpanda	Sun Token (SUN)	0.02

   See all 17 prices

2. 2. Choose a Sun Token lender

   Once you have SUN, you'll need to choose a Sun Token lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Sun Token (SUN)	Up to 0.5% p.a.

3. 3. Lend Your Sun Token

   Once you've chosen a platform to lend your Sun Token, transfer your Sun Token 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. 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.

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.