How to Lend Dai (DAI) in India

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. 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. 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. 3. Lend Your Dai in India

   Once you've selected a platform to lend your Dai, transfer your 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.

4. 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 returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

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.