Where and How to Lend Binance-Peg DAI (DAI)

Introduction

Lending Binance-Peg DAI can be a great option for those who want to hold DAI but earn yield. 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 Guide

1. 1. Acquire Binance-Peg DAI (DAI) Tokens

   To be able to lend Binance-Peg DAI, you need to have it. To get Binance-Peg DAI, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   EarnPark	Binance-Peg DAI (DAI)	1
   Kraken	Binance-Peg DAI (DAI)	1
   OKX	Binance-Peg DAI (DAI)	1
   YouHodler	Binance-Peg DAI (DAI)	1
   Gate.io	Binance-Peg DAI (DAI)	1
   LBank	Binance-Peg DAI (DAI)	1

   See all 11 prices

2. 2. Choose a Binance-Peg DAI Lender

   Once you have DAI, you’ll need to choose a Binance-Peg DAI lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Binance-Peg DAI (DAI)	Up to 20 APY
   EarnPark	Binance-Peg DAI (DAI)	Up to 15.09 APY
   SwissBorg	Binance-Peg DAI (DAI)	Up to 4.79 APY

   See all 4 borrowing rates

3. 3. Lend Your Binance-Peg DAI

   Once you’ve chosen a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.

4. 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. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

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