Where and How to Earn Frax Share (FXS)

Introduction

Lending Frax Share can be an excellent choice for individuals looking to hold FXS while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Frax Share (FXS) Tokens

   To lend Frax Share, you must first possess it. To acquire Frax Share, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

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

   View all 45 prices

2. 2. Select a Frax Share lending platform

   Once you have FXS, you'll need to select a Frax Share lending platform to lend your tokens. You can explore several options available in the market here.

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

   View all 4 loan interest rates

3. 3. Earn Frax Share

   Once you've selected a platform to earn your Frax Share, transfer your Frax Share into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks