Introduction
Lending Sushi is an excellent choice for those looking to hold SUSHI while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.
Comprehensive Guide
1. Acquire Sushi (SUSHI) Tokens
To lend Sushi, you must first possess it. To acquire Sushi, you will need to buy it. You can select from these well-known exchanges.
View all 67 pricesPlatform Coin Cost Nexo Sushi (SUSHI) 0.3 YouHodler Sushi (SUSHI) 0.3 Binance Sushi (SUSHI) 0.3 BTSE Sushi (SUSHI) 0.3 Coinbase Sushi (SUSHI) 0.3 Kraken Sushi (SUSHI) 0.3 2. Select a Sushi Lender
Once you have SUSHI, you'll need to select a Sushi lending platform to lend your tokens. You can find some options here.
View all 11 loan ratesPlatform Coin Interest rate YouHodler Sushi (SUSHI) Earn up to 12% APY Aave Sushi (SUSHI) Earn up to 66.93% APY Bitget Sushi (SUSHI) Earn up to 1% APY Blockchain.com Sushi (SUSHI) Earn up to 3% APY 3. Earn Sushi
After selecting a platform to earn your Sushi, transfer your Sushi to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.
4. Accumulate Interest
Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.
Key Considerations
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.
Recent Developments
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- Market capitalization
- $281.24M
- 24-hour trading volume
- $109.81M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 192.79M SUSHI
