Earn Interest on DAI (Multi Collateral DAI)

Hint: Old DAI was renamed to SAI. Please check here for SAI rates.

Nexo 8.00% 1
Celsius Network 7.25% + 1, 2
Crypto.com 6.00% + 1, 2
Compound/DeFi 2.05% 1
dYdX/DeFi 1.76% 1
1: Real APY may vary. Service fees are already deducted.
2: Better rates available under specific conditions.
Average APY per Day

About Multi Collateral DAI

Multi collateral Dai is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. The $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.