Dai Savings Account: Earn Interest on Crypto
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest in crypto up to 8.32% per year. Dai is quickly becoming a popular option for stablecoin users due to its stabilized nature and unique method of stabilizing value. Dai shifts following market change and therefore allow it to keep a consistent price compared to other cryptos. Unlike other stablecoins, there is no need for a centralized authority that oversees fiat collateralized stablecoins. Owning Dai, is really entering the DeFi economy.
What Is dai and how to earn interest on crypto with YouHodler
To put it simply Dai is a decentralized (DeFi) stablecoin from MakerDAO. 1 Dai is equivalent to one US Dollar (1:1 ratio) and will remain that way until the token is removed from circulation. Dai exists entirely on the Ethereum blockchain and with its smart contracts, Dai is a decentralized and trustless stable coin that cannot be censored or shut down by anyone. Anyone in the world can send and received Dai simply by having an Ethereum wallet.
DeFi Dai savings account: Why earn interest on crypto with YouHodler?
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low-risk investment tools. Here are a few reasons to earn interest in crypto with YouHodler:
- Earn crypto up to 8.32% High-yield savings accounts: Earn 8.32% interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users’ funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out monthly without any fees: At the end of each monthly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
Dai is just one option to earn interest in crypto with YouHodler. Visit our Earn Interest page to see the wide variety of stablecoin, and cryptocurrency coins to choose from. Earn interest in Bitcoin, Binance Coin, Paxos Gold, and much more. Earn crypto with a savings account and discover a more productive way to HODL.
DAI saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Dai (DAI) just like you would in a regular wallet but in addition, earn interest on that DAI wallet balance every week.
How does DAI interest work
You can earn interest on DAI just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 8.32% interest on DAI.
How to Earn Free DAI
It’s easy! Just deposit DAI to your YouHodler wallet and you’ll earn free DAI every week.
How to Get Free DAI
Interest payments occur every seven days. So you’ll get your free DAI a week after your first deposit.
Cumulative Interest DAI
Yes, you have cumulative interest if you HODL DAI in the wallet. We calculate compound interest rates every week.
DAI APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more DAI at the end of the year due to this cumulative interest.
DAI Savings Calculator
Just use our DAI Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.