Introduction
Lending Binance-Peg DAI can be an excellent choice for those looking to hold DAI while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire Binance-Peg DAI (DAI) Tokens
To lend Binance-Peg DAI, you first need to possess it. To acquire Binance-Peg DAI, you'll need to buy it. You can select from these well-known exchanges.
2. Select a Binance-Peg DAI Lender
Once you have DAI, you'll need to select a Binance-Peg DAI lending platform to lend your tokens. You can explore some options here.
View all 8 lending APYsPlatform Mint APY YouHodler Binance-Peg DAI (DAI) Up to 30% APY EarnPark Binance-Peg DAI (DAI) Up to 7% APY SwissBorg Binance-Peg DAI (DAI) Up to 4,81% APY 3. Lend Your Binance-Peg DAI
Once you've selected a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the Market
Binance-Peg DAI (DAI) is currently priced at US$9 with a 24-hour trading volume of US$377 664. The market cap of Binance-Peg DAI stands at US$36,01M, with 36M DAI in circulation. For those looking to buy or trade Binance-Peg DAI, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- US$36,01M
- 24-hour trading volume
- US$377 664
- Circulating supply
- 36M DAI