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Introduction

Lending Frax can be an excellent option for those who wish to hold FRAX while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Frax (FRAX) Tokens

   To lend Frax, you need to possess it. To obtain Frax, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Uphold	Frax (FRAX)	1
   FMFW.io	Frax (FRAX)	0.5
   Gate.io	Frax (FRAX)	0.64

   View all 5 prices

2. 2. Choose a Frax Lender in the UK

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

   Platform	Coin	AER
   Aave	Frax (FRAX)	Up to 4.5% AER

3. 3. Earn Frax

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

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.