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Introduction

Lending Dai is an excellent choice for those looking to hold DAI while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Dai (DAI) Tokens

   To lend Dai, you must first possess it. To acquire Dai, you will need to buy it. You can select from these well-known exchanges.

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

   View all 26 prices

2. 2. Select a Dai Lender

   Once you have DAI, you'll need to select a Dai lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Dai (DAI)	Earn up to 14% APY
   Aave	Dai (DAI)	Earn up to 11.64% APY
   AQRU	Dai (DAI)	Earn up to 6% APY
   Bitget	Dai (DAI)	Earn up to 5% APY
   Blockchain.com	Dai (DAI)	Earn up to 3.75% APY

   View all 22 loan rates

3. 3. Earn Dai

   After selecting a platform to earn your Dai, transfer your Dai to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.