Cómo prestar Frax (FRAX)

Introduction

Lending Frax can be an excellent choice for those looking to hold FRAX while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Frax (FRAX) Tokens

   To lend Frax, you first need to possess it. To acquire Frax, you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   Uphold	Frax (FRAX)	1 APY
   FMFW.io	Frax (FRAX)	0,5 APY
   Gate.io	Frax (FRAX)	0,86 APY

   Consulta todos los 5 precios

2. 2. Select a Frax Lender

   Once you have FRAX, you'll need to select a Frax lending platform to lend your tokens. You can explore some options here.

   Plataforma	Cripto	APY
   Aave	Frax (FRAX)	Hasta 4,5% APY

3. 3. Lend Your Frax

   Once you've selected a platform to lend your Frax, transfer your Frax into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Generate Earnings

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky