Introduction
Lending Binance-Peg DAI can be a great option for those who want to hold DAI but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain Binance-Peg DAI (DAI) Tokens
In order to lend Binance-Peg DAI, you need to have it. To obtain Binance-Peg DAI, you’ll need to purchase it. You can choose from these popular exchanges.
2. Choose a Binance-Peg DAI Lender
Once you have DAI, you’ll need to choose a Binance-Peg DAI lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Binance-Peg DAI (DAI) Up to 20 APY EarnPark Binance-Peg DAI (DAI) Up to 15.09 APY SwissBorg Binance-Peg DAI (DAI) Up to 3.01 APY 3. Lend Your Binance-Peg DAI
Once you’ve chosen a platform to lending your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Binance-Peg DAI (DAI) is currently priced at $15.09 with a 24-hour trading volume of $2,152,485. The market cap of Binance-Peg DAI stands at $35,993,225, with $35,999,971.52 DAI in circulation. For those looking to buy or trade Binance-Peg DAI, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $35.99M
- 24h volume
- $2.15M
- Circulating supply
- $36M
