Where & How to Lend DAO Maker (DAO)

Introduction

Lending DAO Maker can be a great option for those who want to hold DAO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain DAO Maker (DAO) Tokens

   In order to lend DAO Maker, you need to have it. To obtain DAO Maker, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   OKX	DAO Maker (DAO)	$0.297
   BTSE	DAO Maker (DAO)	$0.2968
   BingX	DAO Maker (DAO)	$0.2945
   Bitmart	DAO Maker (DAO)	$0.597
   MEXC Global	DAO Maker (DAO)	$0.2977
   Kucoin	DAO Maker (DAO)	$0.296

   See all 7 prices

2. 2. Choose a DAO Maker Lender

   Once you have DAO, you’ll need to choose a DAO Maker lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	DAO Maker (DAO)	Up to 0.5% APY

3. 3. Lend Your DAO Maker

   Once you’ve chosen a platform to lending your DAO Maker, transfer your DAO Maker into your wallet in the lending 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 lending 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.