How to Lend Dai (DAI) in Portugal: A Step-by-Step Guide

Introduction

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

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. Acquire Dai (DAI) Tokens in Portugal
To lend Dai in Portugal, you first need to possess it. To acquire Dai, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.
Plataforma Moeda Price in Portugal
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
View all 26 prices

Plataforma	Moeda	Price in Portugal
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

2. Select a Dai Lender in Portugal

Once you have DAI, you'll need to select a Dai lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

Plataforma	Moeda	APY
Nexo	Dai (DAI)	Up to 14% APY in Portugal
Aave	Dai (DAI)	Up to 11,64% APY in Portugal
AQRU	Dai (DAI)	Up to 6% APY in Portugal
Bitget	Dai (DAI)	Up to 5% APY in Portugal
Blockchain.com	Dai (DAI)	Up to 3,75% APY in Portugal

Explore all 22 lending rates available in Portugal

3. Lend Your Dai in Portugal
Once you've selected a platform to lend your Dai, transfer your Dai into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may 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 more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.