How to Lend USDS (USDS): A Step-by-Step Guide for South Africans

Introduction

Lending USDS can be an excellent choice for those looking to hold USDS 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 USDS (USDS) Tokens
To lend USDS, you first need to possess it. To acquire USDS, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Coinbase USDS (USDS) 1
Bitget USDS (USDS) 1
Probit USDS (USDS) 1,09
View all 5 prices
2. Select a USDS Lender
Once you have USDS, you'll need to select a USDS lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave USDS (USDS) Up to 2,47% APY
Compound USDS (USDS) Up to 19,84% APY
View all 4 lending APYs
3. Lend Your USDS
Once you've selected a platform to lend your USDS, transfer your USDS 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
Coinbase	USDS (USDS)	1
Bitget	USDS (USDS)	1
Probit	USDS (USDS)	1,09

Platform	Mint	APY
Aave	USDS (USDS)	Up to 2,47% APY
Compound	USDS (USDS)	Up to 19,84% 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.