Introduction
Lending Aave v3 sUSD can be a great option for those who want to hold ASUSD but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.
Step-by-Step Guide
1. Obtain Aave v3 sUSD (ASUSD) Tokens
To lend Aave v3 sUSD, you need to have it. To get Aave v3 sUSD, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Aave v3 sUSD Lender
Once you have ASUSD, you'll need to choose a Aave v3 sUSD lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Aave Aave v3 sUSD (ASUSD) Up to 0% APY 3. Earn Aave v3 sUSD
Once you've chosen a platform to earn your Aave v3 sUSD, transfer your Aave v3 sUSD into your wallet on the earning 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 earning 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
Aave v3 sUSD (ASUSD) is presently priced at US$0. For those interested in buying or trading Aave v3 sUSD, Aave offers ways to do so safely and efficiently