Cryptocurrency

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Earning DAI Stablecoin Interest

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With traditional interest rates at historic lows, people are turning to cryptocurrency as an alternate means to generate income. By cutting down on overheads and working directly with blockchain technology, crypto platforms can offer higher interest rates. Also, these platforms often feature low- or no-minimum lock-up periods on crypto funds. One interest-generating coin is DAI stablecoin, a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the U.S. dollar. DAI is held in cryptocurrency wallets or within platforms and is supported on Ethereum and other popular blockchains. If you’re a long-term-oriented cryptocurrency investor, you might want to consider earning interest on your digital assets. Using cryptocurrency to earn interest yields passive income that can augment profits if cryptocurrency markets continue to appreciate. Many platforms offer interest-bearing accounts that pay you in the cryptocurrency you fund your account with, and these interest rates differ based on which type of cryptocurrency you choose.

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