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Introduction

Lending Frax can be a great option for those who want to hold FRAX while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Frax (FRAX) tokens

   To lend Frax, you need to possess it. To acquire Frax, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Uphold	Frax (FRAX)	1
   FMFW.io	Frax (FRAX)	0.5
   Gate.io	Frax (FRAX)	0.64

   See all 5 prices

2. 2. Choose a Frax lender

   Once you have FRAX, you'll need to choose a Frax lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	Frax (FRAX)	Up to 4.5% p.a.

3. 3. Earn Frax

   Once you've chosen a platform to earn your Frax, transfer your Frax into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.