How to Lend DAO Maker (DAO)

Introduction

Lending DAO Maker can be an excellent choice for those looking to hold DAO while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire DAO Maker (DAO) Tokens

   To lend DAO Maker, you first need to possess it. To acquire DAO Maker, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   BTSE	DAO Maker (DAO)	0.08 APY
   OKX	DAO Maker (DAO)	0.14 APY
   BingX	DAO Maker (DAO)	0.08 APY
   Bitget	DAO Maker (DAO)	0.08 APY
   Gate.io	DAO Maker (DAO)	0.08 APY
   Hotcoin	DAO Maker (DAO)	0.14 APY

   See all 18 prices in Uganda

2. 2. Select a DAO Maker Lender

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

   E-platform	Coin	APY
   Kucoin	DAO Maker (DAO)	Up to 0.5% APY

3. 3. Lend Your DAO Maker

   Once you've selected a platform to lend your DAO Maker, transfer your DAO Maker into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   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. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.