Where and How to Lend Alchemix USD (ALUSD)

Introduction

Lending Alchemix USD can be a great option for those who want to hold ALUSD 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. 1. Obtain Alchemix USD (ALUSD) Tokens

   In order to lend Alchemix USD, you need to have it. To obtain Alchemix USD, you’ll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a Alchemix USD Lender

   Once you have ALUSD, you’ll need to choose a Alchemix USD lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Alchemix USD (ALUSD)	Up to 0.0008344 APY

3. 3. Lend Your Alchemix USD

   Once you’ve chosen a platform to lending your Alchemix USD, transfer your Alchemix USD into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure 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.