Introduction
Lending Bridged Dai (Lightlink) can be a great option for those who want to hold DAI.E 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 Bridged Dai (Lightlink) (DAI.E) Tokens
To lend Bridged Dai (Lightlink), you need to possess it. To acquire Bridged Dai (Lightlink), you'll need to buy it. You can select from these popular exchanges.
2. Choose a Bridged Dai (Lightlink) lender
Once you have DAI.E, you'll need to choose a Bridged Dai (Lightlink) lending platform to lend your tokens. You can find some options here.
3. Lend Your Bridged Dai (Lightlink)
Once you've chosen a platform to lend your Bridged Dai (Lightlink), transfer your Bridged Dai (Lightlink) 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.
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 lending platform pays compounding interest to maximise your returns.
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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
