How to Lend Frax Share (FXS) in Australia: A Step-by-Step Guide

Introduction

Lending Frax Share can be a great option for those who want to hold FXS 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. Obtain Frax Share (FXS) Tokens
To lend Frax Share, you need to possess it. To acquire Frax Share, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo Frax Share (FXS) 0.89
Binance Frax Share (FXS) 0.89
Kraken Frax Share (FXS) 0.89
OKX Frax Share (FXS) 0.66
Uphold Frax Share (FXS) 3.04
BingX Frax Share (FXS) 0.77
See all 45 prices
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 find some options here.
Platform Coin Interest rate
Aave Frax Share (FXS) Up to 0% p.a.
Kucoin Frax Share (FXS) Up to 0.5% p.a.
See all 4 lending rates
3. Lend Your Frax Share
Once you've chosen a platform to lend your Frax Share, transfer your Frax Share into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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 lending platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
Nexo	Frax Share (FXS)	0.89
Binance	Frax Share (FXS)	0.89
Kraken	Frax Share (FXS)	0.89
OKX	Frax Share (FXS)	0.66
Uphold	Frax Share (FXS)	3.04
BingX	Frax Share (FXS)	0.77

Platform	Coin	Interest rate
Aave	Frax Share (FXS)	Up to 0% p.a.
Kucoin	Frax Share (FXS)	Up to 0.5% p.a.

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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.