{"id":26659,"date":"2020-07-30T15:22:08","date_gmt":"2020-07-30T12:22:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26659"},"modified":"2025-08-26T15:42:59","modified_gmt":"2025-08-26T12:42:59","slug":"coinbase-offers-2-apy-on-dai-deposits","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-offers-2-apy-on-dai-deposits\/","title":{"rendered":"Coinbase offers 2% APY on DAI deposits"},"content":{"rendered":"<p>The largest cryptocurrency company in the United States, Coinbase, announced that deposits in the DAI stablecoin will earn 2% APY.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Dai Rewards with 2% APY is now available for Coinbase customers in the US, UK, Netherlands, Spain, France, and Australia.<a href=\"https:\/\/t.co\/FGkFHBxZVM\">https:\/\/t.co\/FGkFHBxZVM<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1288528011038461952?ref_src=twsrc%5Etfw\">July 29, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The DAI Rewards program is available to customers in the United States, United Kingdom, the Netherlands, Spain, France, and Australia.<\/p>\n<p>The company noted that since last year, users have earned 1.25% APY on USDC deposits from Circle.<\/p>\n<p>Yields on savings accounts and government bonds in developed countries are currently at record lows, Coinbase noted.<\/p>\n<blockquote>\n<p>&#8220;Rewards on deposits in stablecoins, such as DAI and USDC, are an alternative way of earning passive income on Coinbase through the use of cryptocurrency,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>Interest will accrue on deposits of 1 DAI or more, initially paid every five days; future payments will be daily.<\/p>\n<p>Earlier, Coinbase added support for DAI to its debit card and integrated the stablecoin into its payments service.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2013 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest cryptocurrency company in the United States, Coinbase, announced that deposits in the DAI stablecoin will earn 2% APY.<\/p>\n","protected":false},"author":1,"featured_media":26660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1099,807],"class_list":["post-26659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-dai","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26659"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26659\/revisions"}],"predecessor-version":[{"id":26661,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26659\/revisions\/26661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26660"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}