How to Lend DAO Maker (DAO) in Australia: A Step-by-Step Guide

Introduction

Lending DAO Maker can be a great option for those who want to hold DAO 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 DAO Maker (DAO) Tokens
To lend DAO Maker, you need to possess it. To acquire DAO Maker, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
BTSE DAO Maker (DAO) 0.06
OKX DAO Maker (DAO) 0.14
BingX DAO Maker (DAO) 0.06
Bitget DAO Maker (DAO) 0.06
Gate.io DAO Maker (DAO) 0.06
Hotcoin DAO Maker (DAO) 0.14
See all 18 prices
2. Choose a DAO Maker lender
Once you have DAO, you'll need to choose a DAO Maker lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin DAO Maker (DAO) Up to 0.5% p.a.
3. Lend Your DAO Maker
Once you've chosen a platform to lend your DAO Maker, transfer your DAO Maker 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.

Platform	Coin	Cost
BTSE	DAO Maker (DAO)	0.06
OKX	DAO Maker (DAO)	0.14
BingX	DAO Maker (DAO)	0.06
Bitget	DAO Maker (DAO)	0.06
Gate.io	DAO Maker (DAO)	0.06
Hotcoin	DAO Maker (DAO)	0.14

Platform	Coin	Interest rate
Kucoin	DAO Maker (DAO)	Up to 0.5% 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.