Introduction
Lending Sushi is an excellent choice for those looking to hold SUSHI while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.
Comprehensive Guide
1. Acquire Sushi (SUSHI) Tokens
To lend Sushi, you must first own 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 listed 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. Lend Your Sushi
After selecting a platform to lend your Sushi, transfer your Sushi into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Grow Your Savings
Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.
Things to Consider
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.
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
