Where and How to Earn Liquity USD (LUSD)

Introduction

Lending Liquity USD can be a great option for those who want to hold LUSD 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. 1. Obtain Liquity USD (LUSD) Tokens

   To lend Liquity USD, you need to have it. To get Liquity USD, you’ll need to buy it. You can choose from these popular exchanges.

2. 2. Choose a Liquity USD Lender

   Once you have LUSD, you'll need to choose a Liquity USD lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Liquity USD (LUSD)	Up to 5,41% APY

3. 3. Earn Liquity USD

   Once you've chosen a platform to earn your Liquity USD, transfer your Liquity USD 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. 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.