How to Lend Binance-Peg DAI (DAI): A Step-by-Step Guide for the UK

Introduction

Lending Binance-Peg DAI can be an excellent option for those who wish to hold DAI 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. Obtain Binance-Peg DAI (DAI) Tokens
To lend Binance-Peg DAI, you need to possess it. To obtain Binance-Peg DAI, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
EarnPark Binance-Peg DAI (DAI) 1
YouHodler Binance-Peg DAI (DAI) 1
Kraken Binance-Peg DAI (DAI) 1
OKX Binance-Peg DAI (DAI) 1
Crypto.com Binance-Peg DAI (DAI) 1
Gate.io Binance-Peg DAI (DAI) 1
View all 22 prices
2. Choose a Binance-Peg DAI Lender in the UK
Once you have DAI, you'll need to choose a Binance-Peg DAI lending platform to lend your tokens. You can see some options here.
Platform Coin AER
EarnPark Binance-Peg DAI (DAI) Up to 7% AER
YouHodler Binance-Peg DAI (DAI) Up to 20% AER
SwissBorg Binance-Peg DAI (DAI) Up to 4.81% AER
View all 8 loan rates
3. Lend Your Binance-Peg DAI
Once you've chosen a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
EarnPark	Binance-Peg DAI (DAI)	1
YouHodler	Binance-Peg DAI (DAI)	1
Kraken	Binance-Peg DAI (DAI)	1
OKX	Binance-Peg DAI (DAI)	1
Crypto.com	Binance-Peg DAI (DAI)	1
Gate.io	Binance-Peg DAI (DAI)	1

Platform	Coin	AER
EarnPark	Binance-Peg DAI (DAI)	Up to 7% AER
YouHodler	Binance-Peg DAI (DAI)	Up to 20% AER
SwissBorg	Binance-Peg DAI (DAI)	Up to 4.81% AER

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.

Latest Movements in the UK

Binance-Peg DAI (DAI) is currently priced at US$9 with a 24-hour trading volume of US$377,664. The market cap of Binance-Peg DAI stands at US$36.01M, with 36M DAI in circulation. For those looking to buy or trade Binance-Peg DAI, EarnPark offers avenues to do so securely and efficiently

Market capitalisation: US$36.01M
24-hour volume: US$377,664
Circulating supply: 36M DAI

See the latest information

Frequently Asked Questions About Lending Binance-Peg DAI (DAI) in the UK

What is Binance-Peg DAI and how does it differ from regular DAI?: Binance-Peg DAI is a version of the DAI stablecoin that has been bridged onto the Binance Smart Chain (BSC) ecosystem and other Binance-backed networks. It maintains a 1:1 peg to the original DAI (on Ethereum) but operates on a different blockchain, often with faster transactions and lower fees typical of Binance Smart Chain. The peg is preserved through custodianship and collateral management by the bridging mechanism, not by direct minting on Ethereum. Users should verify which network they’re using in wallets to avoid cross-chain friction and ensure they’re interacting with the intended version.
Where can I use Binance-Peg DAI, and what are its primary use cases?: Binance-Peg DAI is primarily used within the Binance Smart Chain ecosystem for DeFi activities like lending, borrowing, liquidity provision, and swap transactions on BSC-based platforms. Common use cases include collateral in lending protocols, stablecoin payments within DApps, and as a low-volatility medium of exchange for traders who want to stay within the Binance ecosystem. It can also be swapped to other assets on supported decentralized exchanges (DEXs) and bridged back to Ethereum as needed. Always check network compatibility before transacting.
What are the risks and considerations when using Binance-Peg DAI?: Risks include network-specific fees and potential slippage on fast-moving markets, smart contract risk on the receiving DeFi platforms, and the peg risk if there are liquidity or bridge issues. While the price tracks USD 1, deviations can occur temporarily due to liquidity gaps on BSC venues. Users should confirm the exact network of their wallet (e.g., BSC vs Ethereum) and review platform audits, bridge disclosures, and any migration notes when transferring between chains. Practice prudent risk management and diversify across trusted pools.
How can I acquire Binance-Peg DAI and what fees should I expect?: You can acquire Binance-Peg DAI on exchanges and bridges that list the token version for the Binance ecosystem, or by bridging from Ethereum-based DAI to BSC via supported bridges. Fees include network transaction fees on the chosen chain and any swap or bridge fees charged by the platform. On Binance Smart Chain, typical BNB gas fees are relatively low compared to Ethereum, but vary with network congestion. Always confirm the total cost before confirming a transfer, including any bridge slippage tolerance settings.
How can I verify the balance and peg status of Binance-Peg DAI in my wallet?: To verify, add the Binance-Peg DAI token contract address for the specific network you’re using (e.g., BSC) to your wallet and view the balance. Check the real-time price by comparing on-chain data or trusted price aggregators to ensure the peg is near $1.0. For peg health, monitor liquidity on BSC DEXs and bridge status pages for any reported issues. If you notice persistent deviation from $1, explore liquidity pools or check official announcements from Binance or the bridging service regarding any maintenance or depegging risks.

Top Pairs for Binance-Peg DAI in the UK

Frequently Asked Questions About Lending Binance-Peg DAI (DAI) in the UK

Platform	Coin	Price
EarnPark	Binance-Peg DAI (DAI)	1
YouHodler	Binance-Peg DAI (DAI)	1
Kraken	Binance-Peg DAI (DAI)	1
OKX	Binance-Peg DAI (DAI)	1
Crypto.com	Binance-Peg DAI (DAI)	1
Gate.io	Binance-Peg DAI (DAI)	1

Platform	Coin	AER
EarnPark	Binance-Peg DAI (DAI)	Up to 7% AER
YouHodler	Binance-Peg DAI (DAI)	Up to 20% AER
SwissBorg	Binance-Peg DAI (DAI)	Up to 4.81% AER

What is Binance-Peg DAI and how does it differ from regular DAI?

Binance-Peg DAI is a version of the DAI stablecoin that has been bridged onto the Binance Smart Chain (BSC) ecosystem and other Binance-backed networks. It maintains a 1:1 peg to the original DAI (on Ethereum) but operates on a different blockchain, often with faster transactions and lower fees typical of Binance Smart Chain. The peg is preserved through custodianship and collateral management by the bridging mechanism, not by direct minting on Ethereum. Users should verify which network they’re using in wallets to avoid cross-chain friction and ensure they’re interacting with the intended version.

Where can I use Binance-Peg DAI, and what are its primary use cases?

Binance-Peg DAI is primarily used within the Binance Smart Chain ecosystem for DeFi activities like lending, borrowing, liquidity provision, and swap transactions on BSC-based platforms. Common use cases include collateral in lending protocols, stablecoin payments within DApps, and as a low-volatility medium of exchange for traders who want to stay within the Binance ecosystem. It can also be swapped to other assets on supported decentralized exchanges (DEXs) and bridged back to Ethereum as needed. Always check network compatibility before transacting.

What are the risks and considerations when using Binance-Peg DAI?

Risks include network-specific fees and potential slippage on fast-moving markets, smart contract risk on the receiving DeFi platforms, and the peg risk if there are liquidity or bridge issues. While the price tracks USD 1, deviations can occur temporarily due to liquidity gaps on BSC venues. Users should confirm the exact network of their wallet (e.g., BSC vs Ethereum) and review platform audits, bridge disclosures, and any migration notes when transferring between chains. Practice prudent risk management and diversify across trusted pools.

How can I acquire Binance-Peg DAI and what fees should I expect?

You can acquire Binance-Peg DAI on exchanges and bridges that list the token version for the Binance ecosystem, or by bridging from Ethereum-based DAI to BSC via supported bridges. Fees include network transaction fees on the chosen chain and any swap or bridge fees charged by the platform. On Binance Smart Chain, typical BNB gas fees are relatively low compared to Ethereum, but vary with network congestion. Always confirm the total cost before confirming a transfer, including any bridge slippage tolerance settings.

How can I verify the balance and peg status of Binance-Peg DAI in my wallet?

To verify, add the Binance-Peg DAI token contract address for the specific network you’re using (e.g., BSC) to your wallet and view the balance. Check the real-time price by comparing on-chain data or trusted price aggregators to ensure the peg is near $1.0. For peg health, monitor liquidity on BSC DEXs and bridge status pages for any reported issues. If you notice persistent deviation from $1, explore liquidity pools or check official announcements from Binance or the bridging service regarding any maintenance or depegging risks.

How to Lend Binance-Peg DAI (DAI) in the UK

What you will learn

How to Lend Binance-Peg DAI (DAI) in the UK

Statistics about Binance-Peg DAI Lending in the UK

Other cryptocurrencies you can lend

Introduction

Step-by-Step Guide

1. Obtain Binance-Peg DAI (DAI) Tokens

2. Choose a Binance-Peg DAI Lender in the UK

3. Lend Your Binance-Peg DAI

4. Earn AER

What to Be Aware Of

Latest Movements in the UK

Frequently Asked Questions About Lending Binance-Peg DAI (DAI) in the UK

Top Pairs for Binance-Peg DAI in the UK

Important Notice

Introduction

Step-by-Step Guide

1. Obtain Binance-Peg DAI (DAI) Tokens

2. Choose a Binance-Peg DAI Lender in the UK

3. Lend Your Binance-Peg DAI

4. Earn AER

What to Be Aware Of

Similar Cryptocurrencies to Lend

Newly Added Cryptocurrencies to Lend

Supported Lending Platforms in the UK

Frequently Asked Questions About Lending Binance-Peg DAI (DAI) in the UK