We are excited to announce that we have launched a new service that allows you to deposit and earn reward on your DAI tokens on GROW. DAI is a stablecoin that is pegged to the US dollar and backed by crypto assets. By depositing DAI on GROW, you can enjoy the benefits of stable and high returns.
How to Deposit DAI on GROW
To deposit DAI on GROW, you need to have a GROW account and some DAI tokens in your wallet. If you don’t have a GROW account yet, you can sign up on GROW App(Link). If you don’t have any DAI tokens yet, you can buy them on any crypto exchange that supports DAI.
Once you have your GROW account and DAI tokens ready, you can choose between two types of products: Flexible and Fixed. Flexible products allow you to deposit and withdraw your DAI at any time, while Fixed products lock your DAI for a certain period of time and offer higher reward rates. You can choose the product that suits your needs and preferences.
Flexible and Fixed Products on GROW
Flexible products on GROW offer a variable reward rate that changes according to the market conditions. The current Flexible reward rate for DAI is 2.53% per annum. You can deposit and withdraw your DAI at any time, without any fees or penalties. You can also monitor your balance and earnings on the GROW dashboard.
Fixed products on GROW offer a fixed reward rate that is guaranteed for the duration of the product. The current reward rates for Fixed DAI are 7% for 30 days, 10.5% for 90 days, and 12% for 180 days. You can deposit your DAI for the chosen period of time and earn the corresponding reward rate. You can track your transactions and earnings on the GROW app.
Why Deposit DAI on GROW
Depositing DAI on GROW is a smart way to grow your crypto wealth and enjoy the following benefits:
Stable and high returns: DAI is a stablecoin that maintains its value at $1, so you don’t have to worry about price fluctuations. You can also earn attractive reward rates that are higher than traditional savings accounts or other crypto platforms.
Security and transparency: DAI is backed by crypto assets that are locked in smart contracts on the Ethereum blockchain. You can verify the collateralization and auditability of DAI at any time. GROW also uses advanced security measures and encryption to protect your funds and data.
Flexibility and convenience: You can choose between Flexible and Fixed products that suit your needs and preferences. You can also deposit and withdraw your DAI easily and quickly, without hassles. You can access your GROW account and dashboard from any device and location.
Join GROW Today and Enjoy the benefits of price stability.
Don’t miss this opportunity to deposit and earn interest on your DAI tokens on GROW. We can GROW your crypto wealth and experience the best of crypto. Join GROW today and start earning rewards on your DAI.