Earn up to
15.09% p.a.
A comprehensive guide on how to lend Binance-Peg DAI (DAI)
We have a wealth of data on lending Binance-Peg DAI (DAI) and we're happy to share some of this with you.
We present some lending options with other coins that may be of interest.
Binance-Peg DAI (DAI) is currently priced at USD 9 with a 24-hour trading volume of USD 377,664. The market cap of Binance-Peg DAI stands at USD 36.01M, with 36M DAI in circulation. For those looking to buy or trade Binance-Peg DAI, EarnPark offers avenues to do so securely and efficiently
Lending Binance-Peg 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.
To lend Binance-Peg DAI, you need to possess it. To acquire Binance-Peg DAI, you'll need to buy it. You can select from these popular exchanges.
Once you have DAI, you'll need to choose a Binance-Peg DAI lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| EarnPark | Binance-Peg DAI (DAI) | Up to 7% p.a. |
| YouHodler | Binance-Peg DAI (DAI) | Up to 20% p.a. |
| SwissBorg | Binance-Peg DAI (DAI) | Up to 4.81% p.a. |
Once you've chosen a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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 lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Ensure 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.
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