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An in-depth guide on the best way to stake DAI.
We have a lot of data on staking Dai and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Dai (DAI) is currently priced at $0.9989, with a 24-hour trading volume of $546.89M. In the last 24 hours, Dai has experienced a decrease to -0.07. The market cap of Dai stands at $5.35B, with 5.35B in circulation. For those looking to buy or trade Dai, reputable platforms like YouHodler and EarnPark offer avenues to do so securely and efficiently.
Staking Dai can be a great option for those who want to hold DAI but earn yield in a safe way while contributing to the network. 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.
In order to stake Dai, you need to have it. To obtain Dai, you'll need to purchase it. You can choose from these popular exchanges.
Once you have DAI, you’ll need to choose a Dai wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking DAI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their DAI, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Dai network. You’ll be rewarded with DAI for these validations.
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
