How to Lend Frax (FRAX)

Introduction

Lending Frax can be an excellent choice for those looking to hold FRAX while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Frax (FRAX) Tokens

   To lend Frax, you must first possess it. To acquire Frax, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Uphold	Frax (FRAX)	1 APY
   FMFW.io	Frax (FRAX)	0,5 APY
   Gate.io	Frax (FRAX)	0,64 APY

   Check out all 5 prices

2. 2. Select a Frax Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Aave	Frax (FRAX)	Up to 4,5% APY

3. 3. Lend Your Frax in Italy

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

4. 4. Earn Interest

   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 interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks