How to Lend Sushi (SUSHI) in Australia

Introduction

Lending Sushi can be a great option for those who want to hold SUSHI 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 Sushi (SUSHI) Tokens

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

   Platform	Coin	Cost
   Nexo	Sushi (SUSHI)	0.3
   YouHodler	Sushi (SUSHI)	0.3
   Binance	Sushi (SUSHI)	0.3
   BTSE	Sushi (SUSHI)	0.3
   Coinbase	Sushi (SUSHI)	0.3
   Kraken	Sushi (SUSHI)	0.3

   See all 67 prices

2. 2. Choose a Sushi lender

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

   Platform	Coin	Interest rate
   YouHodler	Sushi (SUSHI)	Up to 12% p.a.
   Aave	Sushi (SUSHI)	Up to 66.93% p.a.
   Bitget	Sushi (SUSHI)	Up to 1% p.a.
   Blockchain.com	Sushi (SUSHI)	Up to 3% p.a.

   See all 11 lending rates

3. 3. Lend Your Sushi

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