How to Earn Aave v3 DAI (ADAI): A Comprehensive Guide for Australians

Introduction

Lending Aave v3 DAI can be a great option for those who want to hold ADAI while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Aave v3 DAI (ADAI) tokens
To lend Aave v3 DAI, you need to possess it. To acquire Aave v3 DAI, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Aave v3 DAI lender
Once you have ADAI, you'll need to choose a Aave v3 DAI lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Aave Aave v3 DAI (ADAI) Up to 3.47% p.a.
3. Earn Aave v3 DAI
Once you've chosen a platform to earn your Aave v3 DAI, transfer your Aave v3 DAI into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Interest rate
Aave	Aave v3 DAI (ADAI)	Up to 3.47% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Aave v3 DAI (ADAI) is currently priced at USD 3.47 with a 24-hour trading volume of USD 2,974.65. For those looking to buy or trade Aave v3 DAI, Aave offers avenues to do so securely and efficiently