How to Lend Dai (DAI): A Step-by-Step Guide for Spain

Introduction

Lending Dai can be an excellent choice for those looking to hold DAI while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire Dai (DAI) Tokens
To lend Dai, you first need to possess it. To acquire Dai, you'll have to buy it. You can select from these popular exchanges available in Spain.
Plataforma Cripto Price
Uphold Dai (DAI) 1 APY
BingX Dai (DAI) 1 APY
Consulta todos los 26 precios
2. Select a Dai Lender
Once you have DAI, you'll need to select a Dai lending platform to lend your tokens. You can explore some options here.
Plataforma Cripto APY
Nexo Dai (DAI) Hasta 14% APY
Aave Dai (DAI) Hasta 11,64% APY
AQRU Dai (DAI) Hasta 6% APY
Bitget Dai (DAI) Hasta 5% APY
Blockchain.com Dai (DAI) Hasta 3,75% APY
Lending APY
3. Lend Your Dai
Once you've selected a platform to lend your Dai, transfer your Dai 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.
4. Generate Earnings
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.