Where and How to Lend Binance-Peg DAI (DAI)

Introduction

Lending Binance-Peg DAI can be a great option for those who wish to hold DAI but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Binance-Peg DAI (DAI) Tokens

   To lend Binance-Peg DAI, you need to have it. To obtain Binance-Peg DAI, you’ll need to buy it. You can choose from these popular exchanges.

   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
   Gate.io	Binance-Peg DAI (DAI)	1
   LBank	Binance-Peg DAI (DAI)	1

   See all 22 prices

2. 2. Select a Binance-Peg DAI Lender

   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	Interest rate
   YouHodler	Binance-Peg DAI (DAI)	Up to 20% APY
   EarnPark	Binance-Peg DAI (DAI)	Up to 7% APY
   SwissBorg	Binance-Peg DAI (DAI)	Up to 4.81% APY

   See all 8 lending rates

3. 3. Lend Your Binance-Peg DAI

   After you have selected a platform for lending your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.