How to Earn Dai (DAI): A Comprehensive Guide for Australians

Introduction

Lending Dai can be a great option for those who want to hold DAI 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 Dai (DAI) tokens
To lend Dai, you need to possess it. To acquire Dai, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
See all 26 prices
2. Choose a Dai lender
Once you have DAI, you'll need to choose a Dai lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Nexo Dai (DAI) Up to 14% p.a.
Aave Dai (DAI) Up to 11.64% p.a.
AQRU Dai (DAI) Up to 6% p.a.
Bitget Dai (DAI) Up to 5% p.a.
Blockchain.com Dai (DAI) Up to 3.75% p.a.
See all 22 lending rates
3. Earn Dai
Once you've chosen a platform to earn your Dai, transfer your 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	Cost
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

Platform	Coin	Interest rate
Nexo	Dai (DAI)	Up to 14% p.a.
Aave	Dai (DAI)	Up to 11.64% p.a.
AQRU	Dai (DAI)	Up to 6% p.a.
Bitget	Dai (DAI)	Up to 5% p.a.
Blockchain.com	Dai (DAI)	Up to 3.75% 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.