How to Lend Aave GUSD (AGUSD): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Aave GUSD can be an excellent choice for Canadians looking to hold AGUSD 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 Aave GUSD (AGUSD) Tokens in Canada
To lend Aave GUSD in Canada, you first need to acquire it. To obtain Aave GUSD, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
2. Choose a Aave GUSD Lender in Canada
Once you have AGUSD, you'll need to choose a Aave GUSD lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Aave Aave GUSD (AGUSD) Up to 0% APY in Canada
3. Lend Your Aave GUSD in Canada
Once you've selected a platform to lend your Aave GUSD, transfer your Aave GUSD into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. 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 lending platform that offers compounding interest to maximise your returns.

Platform	Coin	APY
Aave	Aave GUSD (AGUSD)	Up to 0% APY in Canada

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.