missing en-gb translation: how-to.verb.earn.hero.heading

Introduction

Lending Aave v3 DAI can be an excellent option for those who wish to hold ADAI while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Aave v3 DAI (ADAI) Tokens

   To lend Aave v3 DAI, you need to possess it. To obtain Aave v3 DAI, you'll need to purchase it. You can choose from these popular exchanges in the UK.

2. 2. Choose a Aave v3 DAI Lender in the UK

   Once you have ADAI, you'll need to choose a Aave v3 DAI lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Aave	Aave v3 DAI (ADAI)	Up to 3.47% AER

3. 3. Earn Aave v3 DAI

   Once you've selected a platform to earn your Aave v3 DAI, transfer your Aave v3 DAI into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.