Earn up to
0.5% APY in Canada
An in-depth guide on how to lend DAO Maker (DAO) in Canada
We have a wealth of information on lending DAO Maker (DAO) and we are excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
DAO Maker (DAO) is currently priced at US$0.5 with a 24-hour trading volume of US$1.63M. The market cap of DAO Maker stands at US$76.53M, with 250.93M DAO in circulation. For those looking to buy or trade DAO Maker, Kucoin offers avenues to do so securely and efficiently}
Lending DAO Maker can be an excellent choice for Canadians looking to hold DAO while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
To lend DAO Maker in Canada, you first need to acquire it. To obtain DAO Maker, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
| Platform | Coin | Cost |
|---|---|---|
| BTSE | DAO Maker (DAO) | 0.05 |
| OKX | DAO Maker (DAO) | 0.14 |
| BingX | DAO Maker (DAO) | 0.05 |
| Bitget | DAO Maker (DAO) | 0.05 |
| Gate.io | DAO Maker (DAO) | 0.05 |
| Hotcoin | DAO Maker (DAO) | 0.14 |
Once you have DAO, you'll need to choose a DAO Maker lending platform to lend your tokens. You can explore some options available in Canada here.
| Platform | Coin | APY |
|---|---|---|
| Kucoin | DAO Maker (DAO) | Up to 0.5% APY in Canada |
Once you've selected a platform to lend your DAO Maker, transfer your DAO Maker into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a lending platform that offers compounding interest to maximise your returns.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
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