How to Lend Axie Infinity (AXS): A Step-by-Step Guide

Introduction

Lending Axie Infinity can be a great option for those who want to hold AXS but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Axie Infinity (AXS) Tokens
In order to lend Axie Infinity, you need to have it. To obtain Axie Infinity, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Axie Infinity (AXS) 2.25
PrimeXBT Axie Infinity (AXS) 2.25
Uphold Axie Infinity (AXS) 2.25
YouHodler Axie Infinity (AXS) 2.25
Kraken Axie Infinity (AXS) 2.25
OKX Axie Infinity (AXS) 3.52
See all 71 prices
2. Choose a Axie Infinity Lender
Once you have AXS, you'll need to choose a Axie Infinity lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Axie Infinity (AXS) Up to 30 APY
YouHodler Axie Infinity (AXS) Up to 12 APY
Bitget Axie Infinity (AXS) Up to 21 APY
Kucoin Axie Infinity (AXS) Up to 0.5 APY
See all 10 lending rates
3. Lend Your Axie Infinity
Once you've chosen a platform to lending your Axie Infinity, transfer your Axie Infinity into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	Axie Infinity (AXS)	2.25
PrimeXBT	Axie Infinity (AXS)	2.25
Uphold	Axie Infinity (AXS)	2.25
YouHodler	Axie Infinity (AXS)	2.25
Kraken	Axie Infinity (AXS)	2.25
OKX	Axie Infinity (AXS)	3.52

Platform	Coin	Interest rate
Nexo	Axie Infinity (AXS)	Up to 30 APY
YouHodler	Axie Infinity (AXS)	Up to 12 APY
Bitget	Axie Infinity (AXS)	Up to 21 APY
Kucoin	Axie Infinity (AXS)	Up to 0.5 APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Axie Infinity (AXS) is currently priced at $21 with a 24-hour trading volume of $70.45M. The market cap of Axie Infinity stands at $970.21M, with 157.5M AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently}

Market cap: $970.21M
24h volume: $70.45M
Circulating supply: 157.5M AXS

See latest information

Frequently Asked Questions About Lending Axie Infinity (AXS)

What are the current lending rates for Axie Infinity (AXS)?: Currently, there are six lending rates available for Axie Infinity (AXS). While the average lending rate is not specified, users can find the best lending rate of [object Object]% on Nexo. It is important to stay updated on these rates, as they can fluctuate based on market conditions. For real-time comparisons and alerts on lending rates, consider utilizing Bitcompare's features to ensure you have the latest information at your fingertips.
How can I find the best lending rates for Axie Infinity (AXS)?: To find the best lending rates for Axie Infinity (AXS), you can use platforms like Bitcompare, which offer real-time price comparisons and detailed rate information. Currently, the best lending rate is available on Nexo. By regularly checking Bitcompare, you can stay informed of the latest rates and receive email alerts, ensuring you never miss an opportunity to maximize your lending potential with AXS.
Are there any fees associated with lending Axie Infinity (AXS)?: Yes, when lending Axie Infinity (AXS), platforms may charge fees that vary based on their policies. These fees can include transaction fees, service fees, or interest on borrowed amounts. It is essential to review the terms and conditions of the lending platform you choose, such as Nexo, to understand the specific fees involved. Staying informed about these costs will help you make more strategic decisions regarding your AXS lending activities.
What factors influence the lending rates for Axie Infinity (AXS)?: Lending rates for Axie Infinity (AXS) are influenced by several factors, including market demand and supply, overall cryptocurrency market conditions, and the specific policies of the lending platform. Additionally, the risk assessment of AXS as an asset and the duration of the loan can also impact rates. By monitoring these factors and utilizing resources like Bitcompare, you can stay informed about any changes in lending rates and make more informed decisions regarding your AXS holdings.
Can I earn interest by lending my Axie Infinity (AXS)?: Yes, by lending your Axie Infinity (AXS), you can potentially earn interest on your holdings. Various lending platforms, such as Nexo, provide the opportunity to lend AXS and receive interest payments in return. The rates can vary, with the best lending rate currently available on Nexo. It is crucial to review the specific terms and conditions of the platform to understand how interest is calculated and paid, ensuring you maximize your earnings from lending your AXS.