How to Lend DAO Maker (DAO) in India

Introduction

Lending DAO Maker can be an excellent choice for those looking to hold DAO 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 DAO Maker (DAO) Tokens in India

   To lend DAO Maker, you first need to possess it. To acquire DAO Maker, you'll have to buy it. You can select from these popular Indian exchanges.

   Platform	Coin	Cost
   BTSE	DAO Maker (DAO)	0.12
   OKX	DAO Maker (DAO)	0.14
   BingX	DAO Maker (DAO)	0.12
   Bitget	DAO Maker (DAO)	0.12
   Gate.io	DAO Maker (DAO)	0.12
   Hotcoin	DAO Maker (DAO)	0.14

   See all 18 rates

2. 2. Choose a DAO Maker Lender in India

   Once you have DAO, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	APY
   Kucoin	DAO Maker (DAO)	Up to 0.5% APY

3. 3. Lend Your DAO Maker in India

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