Introduction
Lending Aave v3 sUSD can be a great option for those who want to hold ASUSD but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step Guide
1. Get Aave v3 sUSD (ASUSD) Tokens
To lend Aave v3 sUSD, you need to have it. To get Aave v3 sUSD, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a Aave v3 sUSD Lender
Once you have ASUSD, you’ll need to choose a Aave v3 sUSD lending platform to lend your tokens. You can see some options here.
Platform Loonies Interest rate Aave Aave v3 sUSD (ASUSD) Up to 0 annual percentage yield 3. Lend Your Aave v3 sUSD
Once you’ve chosen a platform for lending your Aave v3 sUSD, transfer your Aave v3 sUSD into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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. Try to make sure your lending platform pays compounding interest to maximize your returns.
What to be Aware of
Loaning your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check out their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Aave v3 sUSD (ASUSD) is currently priced at US$0. For those interested in buying or trading Aave v3 sUSD, Aave offers ways to do so securely and efficiently