Introduction
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.
Step-by-step
- 1
Obtain Dai (DAI) tokens
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.
- 2
Choose a Dai wallet
Once you have DAI, you’ll need to choose a Dai wallet to store your tokens. Here are some good options.
- 3
Delegate your DAI
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.
- 4
Start validating
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.
What to be aware of
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.
Latest movements
Dai (DAI) is currently priced at $1. For those looking to buy or trade Dai, reputable platforms like Uphold, Wirex, EarnPark, Kraken, OKX and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $5.26B
- Volume
- $298.06M
- Circulating supply
- $5.35B
Frequently asked questions about staking Dai (DAI)
Dai (DAI) Staking Rewards News
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