How to Lend Frax Share (FXS) in Australia

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. 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)	2.79
   Binance	Frax Share (FXS)	2.35
   Kraken	Frax Share (FXS)	2.36
   OKX	Frax Share (FXS)	2.37
   Uphold	Frax Share (FXS)	3.04
   BingX	Frax Share (FXS)	2.37

   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 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. 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. 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.

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.