How to Lend Gemini Dollar (GUSD)

Introduction

Lending Gemini Dollar can be an excellent choice for those looking to hold GUSD while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Gemini Dollar (GUSD) Tokens

   To lend Gemini Dollar, you first need to possess it. To acquire Gemini Dollar, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Uphold	Gemini Dollar (GUSD)	1
   Gate.io	Gemini Dollar (GUSD)	1
   Gemini	Gemini Dollar (GUSD)	1
   Probit	Gemini Dollar (GUSD)	0,88

   View all 7 prices

2. 2. Select a Gemini Dollar Lender

   Once you have GUSD, you'll need to select a Gemini Dollar lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Gemini	Gemini Dollar (GUSD)	Up to 0,01% APY

3. 3. Lend Your Gemini Dollar

   Once you've selected a platform to lend your Gemini Dollar, transfer your Gemini Dollar into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.