Where and How to Lend Dai (DAI)

Introduction

Lending 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. Get Dai (DAI) Tokens

   To lend Dai, you need to have it. To get Dai, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	Dai (DAI)	1
   Bitget	Dai (DAI)	1

   See all 25 prices

2. 2. Choose a Dai Lender

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

   Platform	Loonies	Interest rate
   Nexo	Dai (DAI)	Up to 14 annual percentage yield
   Aave	Dai (DAI)	Up to 11.64 annual percentage yield
   Bitget	Dai (DAI)	Up to 5 annual percentage yield
   Blockchain.com	Dai (DAI)	Up to 10 annual percentage yield
   Wirex	Dai (DAI)	Up to 16 annual percentage yield

   See all 18 lending rates

3. 3. Lend Your Dai

   Once you’ve chosen a platform for lending your Dai, transfer your Dai into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.