How to Lend Sushi (SUSHI)

Introduction

Lending Sushi can be an excellent choice for those looking to hold SUSHI while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Sushi (SUSHI) Tokens

   To lend Sushi, you first need to possess it. To acquire Sushi, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Sushi (SUSHI)	0,3 APY
   YouHodler	Sushi (SUSHI)	0,29 APY
   Binance	Sushi (SUSHI)	0,3 APY
   BTSE	Sushi (SUSHI)	0,3 APY
   Coinbase	Sushi (SUSHI)	0,3 APY
   Kraken	Sushi (SUSHI)	0,29 APY

   View all 67 prices

2. 2. Select a Sushi provider

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

   Plattform	Kryptowährung	APY
   YouHodler	Sushi (SUSHI)	Up to 12 % APY
   Aave	Sushi (SUSHI)	Up to 66,93 % APY
   Bitget	Sushi (SUSHI)	Up to 1 % APY
   Blockchain.com	Sushi (SUSHI)	Up to 3 % APY

   View all 11 lending APY rates

3. 3. Lend Your Sushi in Germany

   Once you've selected a platform to lend your Sushi, transfer your Sushi into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. 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 cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.