Where and How to Lend Dai (DAI)

Introduction

Lending 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 Dai (DAI) Tokens

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

   Platform	Coin	Price
   Uphold	Dai (DAI)	1.00
   EarnPark	Dai (DAI)	1.00
   Klink	Dai (DAI)	1.00
   Kraken	Dai (DAI)	1.00
   OKX	Dai (DAI)	1.00

   See all 16 prices

2. 2. Select a Dai Lender

   Once you have DAI, you’ll need to choose a Dai lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Dai (DAI)	Up to 14.00 APY
   YouHodler	Dai (DAI)	Up to 20.00 APY
   EarnPark	Dai (DAI)	Up to 15.09 APY
   Wirex	Dai (DAI)	Up to 16.00 APY
   Bitget	Dai (DAI)	Up to 5.00 APY
   Aave	Dai (DAI)	Up to 11.64 APY

   See all 14 lending rates

3. 3. Lend Your Dai

   After you have selected a platform for lending your Dai, transfer your 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.