How to Lend Frax Share (FXS): A Comprehensive Guide for Italian Investors

Introduction

Lending Frax Share can be an excellent choice for those looking to hold FXS 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. Acquire Frax Share (FXS) Tokens

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

Piattaforma	Criptovaluta	Value
Nexo	Frax Share (FXS)	0,76 APY
Binance	Frax Share (FXS)	0,76 APY
Kraken	Frax Share (FXS)	0,75 APY
OKX	Frax Share (FXS)	0,66 APY
Uphold	Frax Share (FXS)	3,04 APY
BingX	Frax Share (FXS)	0,77 APY

Check out all 45 prices

2. Select a Frax Share Lender in Italy
Once you have FXS, you'll need to select a Frax Share lending platform to lend your tokens. You can explore some options here.
Piattaforma Criptovaluta APY
Aave Frax Share (FXS) Up to 0% APY
Kucoin Frax Share (FXS) Up to 0,5% APY
Discover all 4 lending APY rates
3. Lend Your Frax Share in Italy
Once you've selected a platform to lend your Frax Share, transfer your Frax Share 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. 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.