How to Lend DAO Maker (DAO)

Introduction

Lending DAO Maker can be an excellent choice for those looking to hold DAO 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. 1. Acquire DAO Maker (DAO) Tokens

   To lend DAO Maker, you first need to possess it. To acquire DAO Maker, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   BTSE	DAO Maker (DAO)	0,05
   OKX	DAO Maker (DAO)	0,14
   BingX	DAO Maker (DAO)	0,05
   Bitget	DAO Maker (DAO)	0,05
   Gate.io	DAO Maker (DAO)	0,05
   Hotcoin	DAO Maker (DAO)	0,14

   View all 18 prices

2. 2. Select a DAO Maker Lender

   Once you have DAO, you'll need to select a DAO Maker lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Kucoin	DAO Maker (DAO)	Up to 0,5% APY

3. 3. Lend Your DAO Maker

   Once you've selected a platform to lend your DAO Maker, transfer your DAO Maker 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. 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.