Introduction to Cryptocurrency in Canada
Lending crvUSD can be an excellent choice for Canadians looking to hold CRVUSD while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
Step-by-Step Guide for Canadians
1. Acquire crvUSD (CRVUSD) Tokens in Canada
To lend crvUSD in Canada, you first need to acquire it. To obtain crvUSD, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
2. Choose a crvUSD Lender in Canada
Once you have CRVUSD, you'll need to choose a crvUSD lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY Aave crvUSD (CRVUSD) Up to 4.12% APY in Canada 3. Earn crvUSD in Canada
Once you've selected a platform to earn your crvUSD, transfer your crvUSD into your wallet on the earning platform. Once it's deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in Canada
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a Canadian earning platform that pays compounding interest to maximize your returns.
What Canadians Should Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in Canada
crvUSD (CRVUSD) is currently priced at US$4.12 with a 24-hour trading volume of US$29.3M. The market cap of crvUSD stands at US$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 capitalization
- US$78.69M
- 24h trading volume
- US$29.3M
- Circulating supply in Canada
- 78.63M CRVUSD
