How to Stake Dai (DAI) in Vietnam

Introduction

Staking Dai is an excellent choice for those looking to hold DAI while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Dai (DAI) Tokens

   To stake Dai, you first need to acquire it. You can purchase Dai from various popular exchanges.

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

   View all 26 prices

2. 2. Select a Dai Wallet

   Once you have DAI, you'll need to select a Dai wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   YouHodler	Dai (DAI)	Earn up to 18% APY
   Binance	Dai (DAI)	Earn up to 1.6% APY

   View all 8 staking rewards

3. 3. Delegate Your DAI

   We suggest using a staking pool for staking DAI. It's easier and quicker to start. A staking pool consists of validators who pool their DAI, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Dai network. You will be rewarded with DAI for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.