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An in-depth guide on how to lend Dai (DAI)
We have a lot of data on lending Dai (DAI) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Dai (DAI) is currently priced at US$16 with a 24-hour trading volume of US$147.11M. The market cap of Dai stands at US$3.41B, with 3,41B DAI in circulation. For those looking to buy or trade Dai, Nexo offers avenues to do so securely and efficiently
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.
In order to lend Dai, you need to have it. To obtain Dai, you’ll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Uphold | Dai (DAI) | 1 |
| BingX | Dai (DAI) | 1 |
Once you have DAI, you’ll need to choose a Dai lending platform to lend your tokens. You can see some options here.
Once you’ve chosen a platform to lending your Dai, transfer your Dai into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
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 maximise your returns.
Lending 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 their lending practices, reviews, and how they secure your cryptocurrency.
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