Introduction
Lending Sushi can be a great option for those who want to hold SUSHI 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 Sushi (SUSHI) Tokens
In order to lend Sushi, you need to have it. To obtain Sushi, you’ll need to purchase it. You can choose from these popular exchanges.
See all 35 pricesPlatform Coin Price Nexo Sushi (SUSHI) 1.59 M2 Sushi (SUSHI) 1.59 Kraken Sushi (SUSHI) 1.59 OKX Sushi (SUSHI) 1.6 YouHodler Sushi (SUSHI) 1.59 Binance Sushi (SUSHI) 1.59 2. Choose a Sushi Lender
Once you have SUSHI, you’ll need to choose a Sushi lending platform to lend your tokens. You can see some options here.
See all 6 lending ratesPlatform Coin Interest rate YouHodler Sushi (SUSHI) Up to 12 APY Bitget Sushi (SUSHI) Up to 1 APY Aave Sushi (SUSHI) Up to 66.93 APY Kucoin Sushi (SUSHI) Up to 0.5 APY 3. Lend Your Sushi
Once you’ve chosen a platform to lending your Sushi, transfer your Sushi 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. 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.
Latest Movements
Sushi (SUSHI) is currently priced at $1 with a 24-hour trading volume of $127.49M. The market cap of Sushi stands at $291.2M, 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
- $291.2M
- 24h volume
- $127.49M
- Circulating supply
- $192.79M