Introduction
Lending Sui can be a great option for those who want to hold SUI 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. Obtain Sui (SUI) Tokens
To lend Sui, you need to have it. To acquire Sui, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Sui Lender
Once you have SUI, you’ll need to choose a Sui lending platform to lend your tokens. You can see some options here.
3. Lend Your Sui
Once you’ve chosen a platform to lend your Sui, transfer your Sui into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Sui (SUI) is currently priced at US$2.5 with a 24-hour trading volume of US$1.93B. The market cap of Sui stands at US$14.6B, with US$3.01B SUI in circulation. For those looking to purchase 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
- US$3.01B
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