Dai (DAI) Lending Rates

Find the best DAI lending rates and earn up to 6% APY. Compare 6 platforms side-by-side.

Updated: September 18, 2026

6% APY

Highest Rate

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The best Dai lending rate is 6% APY on AQRU.. Other top platforms include Morpho (4.62% APY) and Aave V3 (3.04% APY). Compare DAI lending rates across 6 platforms.

AQRU6%Morpho4.62%Aave V33.04%

Compare Dai (DAI) Lending Rates

Platform	Action	Max Rate	Base Rate	Min Deposit	Lockup	US Access
AQRU	Go to Platform	6% APY	—	—	—	Check terms
Morpho	Go to Platform	4.62% APY	—	—	—	Check terms
Aave V3	Go to Platform	3.04% APR	—	—	—	Check terms
Spark	Go to Platform	2.46% APR	—	—	—	Check terms
Sky	Go to Platform	1.25% APY	—	—	—	Check terms
Gemini	Go to Platform	0.01% APY	—	—	—	Check terms

Rates as listed by providers on Sep 18, 2026

Historical Dai lending rates (the United States)

Rates shown are the headline rates we track for the United States users; actual rates may vary by product, tier, or terms.

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Aqru currently offers the highest Dai lending rate in the United States at 6.00% APY, matching its 30-day average of 6.00%.

30-DAY AVERAGE RATESArrows compare today vs 30-day average

Provider	Current Rate	Trend	Average Rate
YouHodler	20%		avg 0%
Nexo	10.5%		avg 0%
Aqru	6%	-	avg 6%
Morpho	4.62%		avg 4.82%
Aave	3.42%		avg 0%
Aave V3	—		avg 2.93%
Best 30-day averageAqru (6% APY)

Last updated: Sep 18, 2026, 12:55 AM

Platform Safety Information

We evaluate each platform's regulatory status, transparency, and track record.

Platform	Regulatory Status	Proof of Reserves	Track Record	Insurance
AQRU	—	—	—	general
Gemini	US (NYDFS, FinCEN)	2024-12 (Big Four (SOC 2))	Has issues	Digital asset insurance

How we gather this information

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Dai Lending Guide

How to lend Dai

Crypto lending guide

Frequently Asked Questions About Dai (DAI) Lending

What is Dai and how does it maintain its stability?: Dai is a decentralized stablecoin on the Ethereum blockchain designed to maintain a value close to 1 USD. Unlike fiat-backed stablecoins, Dai is soft-pegged to the dollar through overcollateralization and adaptive risk parameters in the MakerDAO system. Users lock up collateral (primarily Ethereum-based assets) in Maker Vaults to mint Dai. The system uses collateralization ratios, liquidation mechanisms, and governance via MKR holders to adjust parameters like stability fees and debt ceilings. In practice, this means you can convert crypto into Dai to reduce exposure to volatility, while still retaining on-chain programmability for lending, borrowing, or payments.
Where can I use Dai and how do I get it?: Dai can be obtained on many major decentralized and centralized exchanges that list the token. You can acquire it by depositing crypto on a platform or by buying with fiat where supported. Once you have Dai, you can use it across DeFi apps (lending protocols, yield farming, automated market makers) or payments rails that accept stablecoins. On wallets, you’ll typically see Dai as an ERC-20 token on Ethereum, so you’ll need a compatible wallet (e.g., MetaMask) and a small amount of ETH to cover gas fees for on-chain transactions. Always ensure you’re using reputable platforms and verify the exact token address to avoid counterfeit copies.
Is Dai safe to hold for long-term investors, and what are the risks?: Holding Dai can reduce exposure to crypto volatility, making it attractive for liquidity provisioning or preserving value during market downturns. However, risks remain. Dai’s stability relies on overcollateralization and the health of MakerDAO’s collateral portfolio. If collateral values fall sharply, the system triggers liquidations, which could impact stability and liquidity. Governance decisions also influence risk parameters, such as collateral types and stability fees. While the protocol has a long track record, no stablecoin is guaranteed to be perfectly stable. Diversify holdings, keep up with MakerDAO governance updates, and monitor collateral health if you’re actively managing a Dai position.
How does Dai's price stay close to $1, and what factors could push it off peg?: Dai aims to stay near $1 by maintaining collateralization in Vaults and by adjusting parameters set by MKR holders, including stability fees and debt ceilings. Market dynamics, such as large redemptions, liquidations, or shifts in demand for Dai in DeFi protocols, can cause brief deviations from the peg. External events affecting Ethereum gas fees or systemic risk within MakerDAO can also influence liquidity and price stability. In practice, you may see small deviations as users mint or burn Dai, but the system’s incentives and governance act to restore the peg over time.
What practical steps should I take to use Dai safely in DeFi?: To use Dai safely in DeFi, start by selecting reputable platforms with robust security histories. When minting or interacting with Dai, ensure you understand the collateral requirements in Maker Vaults and the associated gas costs on Ethereum. Use hardware or trusted software wallets, enable two-factor authentication on exchange accounts, and consider layer-2 solutions or alternative networks if available to reduce fees. Regularly monitor vault health if you’re actively minting Dai, and be prepared for potential liquidation if collateral prices drop. Finally, keep your private keys secure and avoid sharing sensitive information.

Dai DAI News

September 4, 2026Notional Finance Hit by $1.7 Million Exploit From Integer Overflow Bug

An attacker drained $1.73 million from Notional Finance's legacy escrow using an integer overflow bug in V1 code.

August 27, 2026Moonwell Locks Base Borrowing After $8.7M MAMO Attack

DeFi protocol Moonwell restricts Base borrowing following an $8.7M MAMO price manipulation exploit. Ecosystem partner Zyfai exits user funds.

August 27, 2026Moonwell investigates lending market issue on Base as security firms flag multimillion-dollar exploit

Security firms CertiK and PeckShield estimate losses of around $8.7 million after an attacker manipulated the collateral price of MAMO.

Frequently Asked Questions About Dai (DAI) Lending

What is Dai and how does it maintain its stability?

Dai is a decentralized stablecoin on the Ethereum blockchain designed to maintain a value close to 1 USD. Unlike fiat-backed stablecoins, Dai is soft-pegged to the dollar through overcollateralization and adaptive risk parameters in the MakerDAO system. Users lock up collateral (primarily Ethereum-based assets) in Maker Vaults to mint Dai. The system uses collateralization ratios, liquidation mechanisms, and governance via MKR holders to adjust parameters like stability fees and debt ceilings. In practice, this means you can convert crypto into Dai to reduce exposure to volatility, while still retaining on-chain programmability for lending, borrowing, or payments.

Where can I use Dai and how do I get it?

Dai can be obtained on many major decentralized and centralized exchanges that list the token. You can acquire it by depositing crypto on a platform or by buying with fiat where supported. Once you have Dai, you can use it across DeFi apps (lending protocols, yield farming, automated market makers) or payments rails that accept stablecoins. On wallets, you’ll typically see Dai as an ERC-20 token on Ethereum, so you’ll need a compatible wallet (e.g., MetaMask) and a small amount of ETH to cover gas fees for on-chain transactions. Always ensure you’re using reputable platforms and verify the exact token address to avoid counterfeit copies.

Is Dai safe to hold for long-term investors, and what are the risks?

Holding Dai can reduce exposure to crypto volatility, making it attractive for liquidity provisioning or preserving value during market downturns. However, risks remain. Dai’s stability relies on overcollateralization and the health of MakerDAO’s collateral portfolio. If collateral values fall sharply, the system triggers liquidations, which could impact stability and liquidity. Governance decisions also influence risk parameters, such as collateral types and stability fees. While the protocol has a long track record, no stablecoin is guaranteed to be perfectly stable. Diversify holdings, keep up with MakerDAO governance updates, and monitor collateral health if you’re actively managing a Dai position.

How does Dai's price stay close to $1, and what factors could push it off peg?

Dai aims to stay near $1 by maintaining collateralization in Vaults and by adjusting parameters set by MKR holders, including stability fees and debt ceilings. Market dynamics, such as large redemptions, liquidations, or shifts in demand for Dai in DeFi protocols, can cause brief deviations from the peg. External events affecting Ethereum gas fees or systemic risk within MakerDAO can also influence liquidity and price stability. In practice, you may see small deviations as users mint or burn Dai, but the system’s incentives and governance act to restore the peg over time.

What practical steps should I take to use Dai safely in DeFi?

To use Dai safely in DeFi, start by selecting reputable platforms with robust security histories. When minting or interacting with Dai, ensure you understand the collateral requirements in Maker Vaults and the associated gas costs on Ethereum. Use hardware or trusted software wallets, enable two-factor authentication on exchange accounts, and consider layer-2 solutions or alternative networks if available to reduce fees. Regularly monitor vault health if you’re actively minting Dai, and be prepared for potential liquidation if collateral prices drop. Finally, keep your private keys secure and avoid sharing sensitive information.