How to Lend Sushi (SUSHI)

Introduction

Lending Sushi can be an excellent choice for those looking to hold SUSHI while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Sushi (SUSHI) Tokens

   To lend Sushi, you first need to possess it. To acquire Sushi, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Sushi (SUSHI)	0.81 APY
   YouHodler	Sushi (SUSHI)	0.72 APY
   Binance	Sushi (SUSHI)	0.72 APY
   BTSE	Sushi (SUSHI)	0.72 APY
   Coinbase	Sushi (SUSHI)	0.72 APY
   Kraken	Sushi (SUSHI)	0.72 APY

   See all 67 prices in Uganda

2. 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.

   E-platform	Coin	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 APY rates

3. 3. Lend Your Sushi

   Once you've selected a platform to lend your Sushi, transfer your Sushi into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

Lending your cryptocurrency can be risky. 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.