DAI (DAI) Lending & Borrowing Rates
DAI is a decentralized stablecoin created by MakerDAO (now Sky). It is generated by locking crypto collateral in MakerDAO vaults and is widely used across DeFi lending.
Last updated: March 21, 2026Live via DeFi Llama
DAI Lending Rates (Earn Yield)
DAI lending yields are competitive with other stablecoins at 2-5% APY. The Dai Savings Rate (DSR) offered through Spark Protocol provides a native yield backed by MakerDAO treasury holdings.
| Platform | Type | Lend APY | Risk | KYC | |
|---|---|---|---|---|---|
| Morpho | DeFi | 5.20% | 4/10 | None | Visit Site |
| Spark | DeFi | 5.00% | 3/10 | None | Visit Site |
| Aave V3 | DeFi | 2.13% | 3/10 | None | Visit Site |
DAI Borrowing Rates
DAI can be borrowed on Aave and other DeFi protocols, or minted directly through MakerDAO by depositing collateral. Direct minting often offers better rates than borrowing on secondary markets.
| Platform | Type | Borrow APR | Max LTV | Risk | |
|---|---|---|---|---|---|
| Aave V3 | DeFi | 3.93% | 75% | 3/10 | Visit Site |
| Morpho | DeFi | 5.00% | — | 4/10 | Visit Site |
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Disclaimer: Rates shown are approximate and change frequently. DeFi protocol rates are variable. CeFi rates may differ by account tier. Always verify current rates on the platform. Crypto lending involves significant risk. Some links may be affiliate links — see our affiliate disclosure.
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