Where and How to Earn Alchemix USD (ALUSD)

简介

Lending Alchemix USD for those who want to hold ALUSD, but also earn yield, can be a good choice. The steps might be a bit intimidating, especially the first time you try them. Therefore, we've prepared this guide for you.

Step-by-step Guide

1. 1. Obtain Alchemix USD (ALUSD) Tokens

   To lend Alchemix USD, you need to already own it. To get Alchemix USD, you’ll need to buy it. You can select from these well-known exchanges.

2. 2. Choose a Alchemix USD Lender

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

   Platform	Coin	Interest rate
   Aave	Alchemix USD (ALUSD)	Up to 0.0008344% APY

3. 3. Earn Alchemix USD

   After selecting a platform for earning your Alchemix USD, transfer your Alchemix USD to your wallet on the earning platform. Once deposited, it begins to earn interest. Some platforms provide interest payouts daily, while others do so weekly or monthly.

4. 4. Earn收益

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximize your returns.

Things to Note

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.