Earn 2% APY "Staking" DAI on Coinbase
Coinbase GFX

Earn 2% APY "Staking" DAI on Coinbase

By Thomas Wolf | wickedthewolf | 30 Jul 2020


Coinbase now automatically opts you in to earn 2% APY on any DAI you hold.  All you need is $1 USD to get started in "staking" DAI on Coinbase.

You gain DAI awards daily after a mere 5-day holding period which is considerably less than Tezos, although Tezos rewards more.

CB DAI 2 APY

I think this is great as I often put my money into DAI when the market is unpredictable and I cannot take the risk of a major loss, and now I have more of a reason to hang onto some.  I'll be happily adding this to my list of yield-return oriented tokens.

I'm trying to stack as much Bitcoin, Ethereum, and AWC as possible, among others at the moment.  I think we are looking at a new age for crypto.

While I will put the majority of my holdings into other tokens such as Atomic Wallet Coin (AWC) and Tezos (XTZ) for the higher ROI % which is particularly impressive with AWC staking; it never hurts to earn more passively.


What are your thoughts?


I hope everyone is safe and well.

 

-Thomas Wolf


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Thomas Wolf
Thomas Wolf

I am a cryptocurrency advocate, a STEM undergraduate student, a nature enthusiast, a survivalist, a DIY specialist, and I'm a little crazy at times.


wickedthewolf
wickedthewolf

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