Introduction to the world of cryptocurrency can be both exciting and daunting
Lending Sushi can be an excellent choice for those looking to hold SUSHI while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire Sushi (SUSHI) Tokens
To lend Sushi, you must first possess it. To acquire Sushi, you'll need to purchase it. You can select from these well-known exchanges.
See all 67 pricesPlatform Coin Price Nexo Sushi (SUSHI) 0,32 YouHodler Sushi (SUSHI) 0,32 Binance Sushi (SUSHI) 0,32 BTSE Sushi (SUSHI) 0,32 Coinbase Sushi (SUSHI) 0,32 Kraken Sushi (SUSHI) 0,32 2. Select a Sushi Lender
Once you have SUSHI, you'll need to select a Sushi lending platform to lend your tokens. You can explore some options here.
See all 11 lending ratesPlatform Coin Interest rate 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 3. Earn Sushi with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your Sushi, transfer your Sushi into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
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. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. 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
Sushi (SUSHI) is currently priced at US$66.93 with a 24-hour trading volume of US$109.81M. The market cap of Sushi stands at US$281.24M, with 192,79M SUSHI in circulation. For those looking to buy or trade Sushi, YouHodler offers avenues to do so securely and efficiently
- Market cap
- US$281.24M
- 24h volume
- US$109.81M
- Circulating supply
- 192,79M SUSHI
