Introduction
Lending Gemini Dollar can be a great option for those who want to hold GUSD but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Acquire Gemini Dollar (GUSD) Tokens
To be able to lend Gemini Dollar, you need to have it. To get Gemini Dollar, you’ll have to buy it. You can pick from these popular exchanges.
2. Choose a Gemini Dollar Lender
Once you have GUSD, you’ll need to choose a Gemini Dollar lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Gemini Gemini Dollar (GUSD) Up to 0.01 APY 3. Lend Your Gemini Dollar
Once you’ve chosen a platform to lend your Gemini Dollar, transfer your Gemini Dollar into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
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.
Latest Movements
Gemini Dollar (GUSD) is currently priced at USD 0.01 with a 24-hour trading volume of USD 2.85M. The market cap of Gemini Dollar stands at USD 57.76M, with 57.75M GUSD in circulation. For those looking to buy or trade Gemini Dollar, Gemini offers avenues to do so securely and efficiently
- Market cap
- USD 57.76M
- 24h volume
- USD 2.85M
- Circulating supply
- 57.75M GUSD