How to Lend Sushi (SUSHI)

Introduction

Lending Sushi can be an excellent choice for those looking to hold SUSHI 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 Sushi (SUSHI) Tokens

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

   Platform	Mint	Cost
   Nexo	Sushi (SUSHI)	0,81
   YouHodler	Sushi (SUSHI)	0,44
   Binance	Sushi (SUSHI)	0,44
   BTSE	Sushi (SUSHI)	0,44
   Coinbase	Sushi (SUSHI)	0,44
   Kraken	Sushi (SUSHI)	0,44

   View all 67 prices

2. 2. Select a Sushi Lender

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

   Platform	Mint	APY
   YouHodler	Sushi (SUSHI)	Up to 12% APY
   Aave	Sushi (SUSHI)	Up to 66,93% APY
   Bitget	Sushi (SUSHI)	Up to 1% APY
   Blockchain.com	Sushi (SUSHI)	Up to 3% APY

   View all 11 lending APYs

3. 3. Lend Your Sushi

   Once you've selected a platform to lend your Sushi, transfer your Sushi 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.