How to Lend Axie Infinity (AXS) in the cryptocurrency market

Introduction

Lending Axie Infinity can be an excellent choice for individuals looking to hold AXS 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 Axie Infinity (AXS) Tokens

   To lend Axie Infinity, you must first possess it. To acquire Axie Infinity, 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	Axie Infinity (AXS)	0.83 APY
   PrimeXBT	Axie Infinity (AXS)	0.83 APY
   YouHodler	Axie Infinity (AXS)	0.82 APY
   Binance	Axie Infinity (AXS)	0.83 APY
   BTSE	Axie Infinity (AXS)	0.83 APY
   Coinbase	Axie Infinity (AXS)	0.83 APY

   View all 71 prices

2. 2. Select a Axie Infinity lending platform

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

   Platform	Coin	APY
   Nexo	Axie Infinity (AXS)	Up to 30% APY
   YouHodler	Axie Infinity (AXS)	Up to 12% APY
   Bitget	Axie Infinity (AXS)	Up to 21% APY
   Gemini	Axie Infinity (AXS)	Up to 0.01% APY

   View all 10 loan interest rates

3. 3. Lend Your Axie Infinity for attractive APY returns

   After selecting a platform to lend your Axie Infinity, transfer your Axie Infinity into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks