Welcome to the best SUSHI crypto interest rates APY and staking rewards.
If you HODL SUSHI tokens, you should make sure you earn the best interest rate. Also, we go through the risks, what SUSHI is and how to report tax on interest payouts.
No Financial Advice, Information only. Do your own research
Best Bitcoin Cash BCH Interest Rates APY
We have listed all the best places to get interest in your SUSHI holdings in the table below.
Also, you can see welcome sign-up bonuses and additional deposit bonuses in the table.
Invest
Interests
Review
*Sign up bonus with terms and conditions
**Reduction in fees
- Allow US residents to earn interest
Kucoin Margin Funding SUSHI interest Rate
Kucoin margin funding SUSHI interest rates are among the best APY you can find.
As you see in the screenshot below, you can earn up to 11% by lending your SUSHI tokens on the Kucoin lending marketplace. Also, the lending volume is good as you can see in the left column.
As it is a marketplace, the interest rates go up and down by supply and demand. Follow this link for the current Kucoin lending SUSHI interest rates.
Kucoin accepts US customers.
Binance Earn - Best SUSHI interest rate and Staking reward
Binance Earn is offering the best SUSHI interest rate and staking reward. As shown in the table above, Binance Earn is offering up to 9.5% APY.
However, you need to lock your funds for 60 days to get this high yield.
Binance Earn Pros and Cons
We have listed the pros and cons with Binance Earn below
- Very high-interest rates for many cryptocurrencies
- Binance is an excellent platform
- Many different cryptocurrencies to earn yield from
Cons
- You need to lock your funds to achieve the best interest rates and staking rewards. Usually, the lock-up periods are 60 or 90 days for the best rates.
Get -20% on all fees charged by Binance with our referral code
YouHodler - 2nd best SUSHI interest Rate
YouHodler is offering the best SUSHI interest rate APY with no counterclaims.
YouHodler has no lock-up periods and no loyalty system
YouHodler Pros and Cons
We have listed the pros and cons with YouHodler
Pros
- No counterclaims, a flat rate for all users with no loyalty system or lock-up periods
- Good interest rates
Cons
- Only pay interest on a maximum of $100.000
What is SUSHI?
SUSHI was launched in August 2020 and is the native cryptocurrency token for the Sushiswap DEX.
The decentralized exchange offers a platform for anyone to swap cryptocurrency.
The SUSHI token is an ERC-20 token built on the Ethereum blockchain.
The token is mainly used for staking and earning rewards for liquidity providers.
However, in this article, we have only listed centralized wallets where you can deposit your SUSHI tokens and earn interest.
Risks with earning SUSHI interest
As with any investment, you are depositing SUSHI tokens to earn interest is associated with certain risks.
Since all listed options in our article involve depositing to a 3rd party, there are some risks associated with the 3rd party.
- The company you have deposited to can be hacked
- The company you have deposited to can go bankrupt
- The company you have deposited to can be a scam
There are more risks, but we have listed them above. Please read our full article about crypto risk management.
Pay tax on SUSHI interest payouts
You have to pay tax on your SUSHI token interest payouts and rewards.
This can easily be automated with a crypto tax software tool. Koinly is an excellent crypto tax software that can help you to automate your reporting.
No Financial Advice, Information only. Do your own research
