How to Lend USDS (USDS): A Step-by-Step Guide

Introduction

Lending USDS can be a great option for those who want to hold USDS 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 USDS (USDS) Tokens
In order to lend USDS, you need to have it. To obtain USDS, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Coinbase USDS (USDS) 1
Bitget USDS (USDS) 1
Probit USDS (USDS) 1.09
See all 5 prices
2. Choose a USDS Lender
Once you have USDS, you'll need to choose a USDS lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Aave USDS (USDS) Up to 1.24% APY
Compound USDS (USDS) Up to 4.24% APY
See all 4 lending rates
3. Lend Your USDS
Once you've chosen a platform to lend your USDS, transfer your USDS 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.

Platform	Coin	Price
Coinbase	USDS (USDS)	1
Bitget	USDS (USDS)	1
Probit	USDS (USDS)	1.09

Platform	Coin	Interest rate
Aave	USDS (USDS)	Up to 1.24% APY
Compound	USDS (USDS)	Up to 4.24% APY

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

USDS (USDS) is currently priced at $1.24 with a 24-hour trading volume of $28.88M. The market cap of USDS stands at $5.78B, with 5.78B USDS in circulation. For those looking to buy or trade USDS, Aave offers avenues to do so securely and efficiently

Market cap: $5.78B
24h volume: $28.88M
Circulating supply: 5.78B USDS

See latest information

Frequently Asked Questions About USDS (USDS) Lending

What is USDS and how does its price behave relative to the dollar?: USDS is a stablecoin designed to maintain a price close to 1 USD. As of now, USDS trades around 0.9997 USD, indicating it remains near its peg. The price can fluctuate slightly due to market supply and demand, liquidity on exchanges, and any protocol-level adjustments. If you’re using USDS for trading or hedging, expect small deviations within a few tenths of a cent. Always check the latest price on your primary exchange and be mindful of potential temporary de-pegging during extreme market events.
How can I use USDS in my crypto portfolio for risk management?: USDS serves as a dollar-pegged stablecoin to reduce volatility in a crypto portfolio. You can convert volatile assets into USDS during downturns to preserve value, use it for price-sensitive trades, or as a waiting currency when waiting for favorable prices on USD-based trades. When moving funds into USDS, consider liquidity on trusted exchanges, withdrawal/deposit fees, and any mint/burn mechanics if used within a specific network. Regularly monitor the peg and liquidity pools to ensure smooth redemptions and minimize slippage.
What are the key technical and risk considerations when holding USDS?: Key considerations include the mechanism behind the peg (on-chain collateral, algorithmic controls, or fiat reserves), audit and reserve transparency, and the reliability of the issuing protocol. Evaluate the liquidity depth across major exchanges to avoid slippage when buying or selling large amounts. Stay informed about potential regulatory developments affecting stablecoins and any changes to reserve management. For long-term holding, diversify across multiple stablecoins to mitigate risk if one protocol faces a disruption or de-pegging event.