How to Lend Frax Share (FXS) in the UK

Introduction

Lending Frax Share can be an excellent option for those who wish to hold FXS 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 Share (FXS) Tokens

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

   Platform	Coin	Price
   Nexo	Frax Share (FXS)	0.76
   Binance	Frax Share (FXS)	0.75
   Kraken	Frax Share (FXS)	0.75
   OKX	Frax Share (FXS)	0.66
   Uphold	Frax Share (FXS)	3.04
   BingX	Frax Share (FXS)	0.77

   View all 45 prices

2. 2. Choose a Frax Share Lender in the UK

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

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

   View all 4 loan 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 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.