Introduction
Lending USDS is an excellent choice for those looking to hold USDS 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 USDS (USDS) Tokens
To lend USDS, you must first possess it. To acquire USDS, you will need to buy it. You can select from these well-known exchanges.
View all 5 pricesPlatform Coin Cost Coinbase USDS (USDS) 1 Bitget USDS (USDS) 1 Probit USDS (USDS) 1.09 2. Select a USDS Lender
Once you have USDS, you'll need to select a USDS lending platform to lend your tokens. You can find some options here.
View all 4 loan ratesPlatform Coin Interest rate Aave USDS (USDS) Earn up to 2.47% APY Compound USDS (USDS) Earn up to 19.84% APY 3. Earn USDS
After selecting a platform to earn your USDS, transfer your USDS 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
- $5.78B
- 24-hour trading volume
- $28.88M
- 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.
- 5.78B USDS
