Where and How to Earn Binance-Peg DAI (DAI)

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 bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Binance-Peg DAI (DAI) Tokens

   To lend Binance-Peg DAI, you need to have it. To get Binance-Peg DAI, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   EarnPark	Binance-Peg DAI (DAI)	1
   YouHodler	Binance-Peg DAI (DAI)	1
   Kraken	Binance-Peg DAI (DAI)	1
   OKX	Binance-Peg DAI (DAI)	1
   HTX	Binance-Peg DAI (DAI)	1
   Gate.io	Binance-Peg DAI (DAI)	1

   See all 22 prices

2. 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.

   Platform	Coin	Interest rate
   YouHodler	Binance-Peg DAI (DAI)	Up to 20% APY
   EarnPark	Binance-Peg DAI (DAI)	Up to 7% APY
   SwissBorg	Binance-Peg DAI (DAI)	Up to 4,81% APY

   See all 8 lending rates

3. 3. Earn Binance-Peg DAI

   Once you've chosen a platform to earn your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.

4. 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 earning 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.