Share this article
Coinbase Now Offers 2% Rewards on Dai Stablecoin Accounts
The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia.
Updated Sep 14, 2021, 9:37 a.m. Published Jul 29, 2020, 5:30 p.m.
U.S.-based crypto exchange Coinbase has launched a rewards program for customers holding the dai stablecoin from popular DeFi project Maker.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Coinbase said Wednesday that users holding more than 1 dai will see returns at 2% annual percentage yield (APY).
- The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia.
- Rewards are to be distributed within the first five business days of receiving dai in a Coinbase account and will be handed out daily after the first payout.
- Coinbase has a similar program for U.S. customers that rewards users based on the amount of USDC held in their exchange wallets. Staking rewards are also offered on holdings.
- The exchange already rewards users for interacting with educational content with dai as part of the Coinbase Earn project.
- Dai-issuer MakerDAO is the biggest platform in decentralized finance (DeFi). Earlier this week, the total value of cryptocurrency locked into the platform crossed $1 billion – a first for any DeFi project.
- Maker itself offers interest on holdings of dai, however Coinbase said the rewards scheme is a promotion funded by itself.
See also: IRS Enlists Coinbase in Latest Crypto Tracing Deal
Correction (July 29, 21:05 UTC): Coinbase is not planning to offer rewards on accounts, as was misreported in an earlier version of this story. There are plans for Coinbase Custody to support the staking of ADA tokens later this year.
Edit (07:52 UTC, July 30): Updated with further information from Coinbase regarding the funding behind the rewards scheme.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
