Introduction
Lending Sui can be an excellent option for those who wish to hold SUI while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Sui (SUI) Tokens
To lend Sui, you need to possess it. To obtain Sui, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Sui Lender in the UK
Once you have SUI, you'll need to choose a Sui lending platform to lend your tokens. You can see some options here.
3. Earn Sui
Once you've selected a platform to earn your Sui, transfer your Sui into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
Sui (SUI) is currently priced at US$2.8 with a 24-hour trading volume of US$1.93B. The market cap of Sui stands at US$14.6B, with 3.01B SUI in circulation. For those looking to buy or trade Sui, Bitget offers avenues to do so securely and efficiently
- Market capitalisation
- US$14.6B
- 24-hour volume
- US$1.93B
- Circulating supply
- 3.01B SUI
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