Earn up to
15.09% APY in India
An in-depth guide on how to lend Binance-Peg DAI (DAI) in India
We have extensive data on lending Binance-Peg DAI (DAI) and we are pleased to share some of this information with you.
We present you with various lending options featuring different cryptocurrencies that may pique your interest.
Binance-Peg DAI (DAI) is currently priced at $9 with a 24-hour trading volume of $3,77,664. The market cap of Binance-Peg DAI stands at $3.6Cr, with 3.6Cr DAI in circulation. For those looking to buy or trade Binance-Peg DAI, EarnPark offers avenues to do so securely and efficiently
Lending Binance-Peg 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.
To lend Binance-Peg DAI, you first need to possess it. To acquire Binance-Peg DAI, you'll have to buy it. You can select from these popular Indian exchanges.
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 |
|---|---|---|
| EarnPark | Binance-Peg DAI (DAI) | Up to 7% APY |
| YouHodler | Binance-Peg DAI (DAI) | Up to 20% APY |
| SwissBorg | Binance-Peg DAI (DAI) | Up to 4.81% APY |
Once you've selected a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the lending platform. After the deposit is made, it will begin to earn APY. Some platforms offer interest payouts daily, while others may do so weekly or monthly.
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.
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.
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