How to Earn Dai (DAI): A Comprehensive Guide for Indian Investors

Introduction

Lending Dai can be an excellent choice for those looking to hold DAI while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.

Step-by-Step Guide for Indian Investors

1. Acquire Dai (DAI) Tokens in India
To lend Dai, you first need to possess it. To acquire Dai, you'll have to buy it. You can select from these popular Indian exchanges.
Platform Coin Cost
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
See all 26 rates
2. Choose a Dai Lender in India
Once you have DAI, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY
Nexo Dai (DAI) Up to 14% APY
Aave Dai (DAI) Up to 11.64% APY
AQRU Dai (DAI) Up to 6% APY
Bitget Dai (DAI) Up to 5% APY
Blockchain.com Dai (DAI) Up to 3.75% APY
View all 22 lending rates in India
3. Earn Dai in India
Once you've selected a platform to earn your Dai, transfer your Dai into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in India
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Indian market.

Platform	Coin	Cost
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

Platform	Coin	APY
Nexo	Dai (DAI)	Up to 14% APY
Aave	Dai (DAI)	Up to 11.64% APY
AQRU	Dai (DAI)	Up to 6% APY
Bitget	Dai (DAI)	Up to 5% APY
Blockchain.com	Dai (DAI)	Up to 3.75% APY

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.