How to Earn Dai (DAI): A Comprehensive Guide

Introduction

Lending Dai can be an excellent choice for those looking to hold DAI while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. Acquire Dai (DAI) Tokens
To lend Dai, you must first acquire it. To obtain Dai, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
Platform Coin Price
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
See all 26 prices
2. Choose a Dai Lender
Once you have DAI, you'll need to select a Dai lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate
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
See all 22 lending rates
3. Earn Dai
Once you've selected a platform to earn your Dai, transfer your Dai into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

Platform	Coin	Price
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

Platform	Coin	Interest rate
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

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.

Latest Movements

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Market cap: US$3.41B
24h volume: US$147.11M
Circulating supply: 3.41B DAI

See latest information

Frequently Asked Questions About Lending Dai (DAI)

What are the current lending rates for Dai (DAI)?: The current lending rates for Dai (DAI) vary across different platforms. Currently, there are a total of 14 lending rates available. While specific average rates are not provided, the best lending rate can be found on AQRU. It is essential to regularly check platforms like Bitcompare for real-time updates and comparisons to ensure you are obtaining the best possible rate for your Dai lending needs.