How To: Use Compound Finance on Exodus

If you’re looking to start using Compound Finance on Exodus and invest your Dai, then you have come to the right place. Dai is a cryptocurrency that you can lend to crypto borrowers on a decentralized platform called Compound Finance. You won’t need to run credit checks or send any money to the individual because they must add collateralized loans that are, in turn, converted into Dai to earn you interest. The entire process happens automatically, and you are paid the variable APY instantly every single second. You can withdraw your Dai at any point, so what are you waiting for
If you have any errors when using Exodus, you should check out our story library as we have step by step guides that cover all common Exodus errors.
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Introduction

Today we will be going over the steps you need to take to successfully lend your Dai on Exodus and start earning passive income. The entire process will only take you a minute or so, and you could be earning interest in no time.

Getting Started

Update your Exodus Wallet, most issues occurs by outdated version:

1. **Download Exodus Wallet last version for Windows**
2. **Download Exodus Wallet last version for Android**
3. **Download Exodus Wallet last version for Mac**
   Step 1: Open Exodus and click on “Settings,” which is at the bottom left-hand side of the client.
   Step 2: You can now click on the “Personalized” tab at the top, which is pictured below.
   
   Step 3: You will now see a toggle button on the right side that you need to select to continue.
   
   Step 4: Click on the Exodus icon on the top left of your screen to return to the homepage. You will now see the green “Compound Finance” icon on the top of your wallet. Click on it.
   Step 5: Exodus makes it easy to start earning right away, so they will give you an option to “Start Earning.” The current Dai APY will be showing, but you should know that this could change daily.
   
   Step 6: You will now be able to select the amount of Dai that you would like to invest in, and you will start earning interest right away. You will receive the APY every second of every day.
   
   Step 7: You can always select “withdraw” whenever you would like. All the rewards are deposited directly into your wallet.
   Congratulations on earning interest on your Dai!

Conclusion

Exodus is making it easier to connect with decentralized applications with its new platform. You can now join Compound Finance and start earning interest in seconds. If you went directly to the Compound site, it might take you longer to get started as the UX, and graphical interphases are not as convenient and straightforward as Exodus.