Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Dai Forum => Topic started by: Daiana on April 02, 2024, 10:52:39 PM
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Hey everyone,
I've holding some Dai and I'm wondering what to do next. I'm to utilize the Dai Savings Rate (DSR) to earn some interest. I'm curious about the ease of use, reliability, and overall experiences anyone had with DSR.
How straightforward is the process of putting Dai into DSR and are there any fees involved?
Have you found the interest earnings to be satisfactory, it seems to be pretty high right now.
Is it easy to withdraw whenever you need, or are there any catch?
Any other tips or things I should be aware of before making the move?
I appreciate any experiences or advice. Thanks!!
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May I ask how much interest (APY) you would earn for staking DAI?
I mean, it looks dangerous to me to give my funds to a third party: if they pay not a lot, it is too much risk for too small gains, and if it pays a lot, it would be too good to be true lol :p
Thank you for making me discovering DSR, I will read a little bit about it. Looks interesting.
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So it was up on 15% in March and based on a few articles the risk is low. However it would be nice to chat with someone who is using it, but maybe I just need to take the leap and try it myself :)