Where and How to Lend Frax Share (FXS)

Introduction

Lending Frax Share can be a great option for those who want to hold FXS but earn yield. The steps can be a little 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. Acquire Frax Share (FXS) Tokens

   To be able to lend Frax Share, you need to have it. To get Frax Share, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Nexo	Frax Share (FXS)	2.67
   Uphold	Frax Share (FXS)	2.67
   Kraken	Frax Share (FXS)	2.66
   OKX	Frax Share (FXS)	2.67
   M2	Frax Share (FXS)	2.67
   Binance	Frax Share (FXS)	2.67

   See all 44 prices

2. 2. Choose a Frax Share Lender

   Once you have FXS, you’ll need to choose a Frax Share lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Frax Share (FXS)	Up to 0 APY
   Kucoin	Frax Share (FXS)	Up to 0.5 APY

   See all 4 borrowing rates

3. 3. Lend Your Frax Share

   Once you’ve chosen a platform to lend your Frax Share, transfer your Frax Share into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are 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. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

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