How to Lend sUSD (Optimism) (SUSD): A Step-by-Step Guide for South Africans

Introduction

Lending sUSD (Optimism) can be an excellent choice for those looking to hold SUSD 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. Acquire sUSD (Optimism) (SUSD) Tokens
To lend sUSD (Optimism), you first need to possess it. To acquire sUSD (Optimism), you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Gate.io sUSD (Optimism) (SUSD) 0,91
2. Select a sUSD (Optimism) Lender
Once you have SUSD, you'll need to select a sUSD (Optimism) lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave sUSD (Optimism) (SUSD) Up to 61,67% APY
3. Lend Your sUSD (Optimism)
Once you've selected a platform to lend your sUSD (Optimism), transfer your sUSD (Optimism) 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. 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.

Platform	Mint	Cost
Gate.io	sUSD (Optimism) (SUSD)	0,91

Platform	Mint	APY
Aave	sUSD (Optimism) (SUSD)	Up to 61,67% APY

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.