How To Earn Interest On Your Basic Attention Token And DAI Payouts 💰

How To Earn Interest On Your Basic Attention Token And DAI Payouts 💰

Did you know that you can earn interest on your Basic Attention Tokens and Dai stable coins that you are receiving from Publish0x? 😃

The offer is now available worldwide for users of the Coinbase Wallet in the iOS version. The version for Android should follow in the coming weeks. Coinbase explains and illustrates the new function in English, the procedure actually seems extremely simple and convenient:

1. In the first step, you need to sign up for a Coinbase account and download the Coinbase Wallet. Both are for free.

If you are facing any issues with the registration process, please read the post "How to Register and Verify your Coinbase Trading Account - Tutorial".

2. Now you can open the app by signing in with your Coinbase account and decide which cryptocurrency you want to lend.

At the start, Ethereum (ETH) and various ERC20 tokens such as Basic Attention Tokens (BAT) and DAI are supported.


3. In the next step, the Coinbase Wallet now shows you which provider offers which interest rate and under what conditions. You currently have the choice between compound and dYDX.

4. Now enter the amount you want to invest and close the deal directly. ✅

From now on you can follow the Coinbase Wallet live, how your credit in the chosen cryptocurrency increases with interest.

Of course, you can also cancel the contract and deduct the credit plus interest if the agreed term does not contradict this.

Technically, these interest rate transactions are implemented through smart contracts. These smart contracts are stored in the Ethereum blockchain. You link your account on the Coinbase Wallet with the apps of the DeFi industry. The deals are generally secured by the debtor's deposits.

It really couldn't be easier than with the Coinbase Wallet, especially for Ethereum and leading ERC20 tokens.

The easiest and most secure crypto wallet and DApp browser. Your gateway to the decentralized web.

When you have signed up for Coinbase successfully, you have also the great possibility to earn some free crypto at Coinbase Earn.

Either way, I HODL the Basic Attention Token that I got from Publish0x and I think it`s great to earn some additional BAT now from Coinbase Wallet!

I hope I could provide you with some short but interesting and useful information.

Thank you guys for reading, liking, following, and tipping 👍

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