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.
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.
See all 8 lending ratesPlatform 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 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.
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 $108,190,570. The market cap of Axie Infinity stands at $895,496,905, with $153,713,455.22 AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently}
- Market cap
- $895.5M
- 24h volume
- $108.19M
- Circulating supply
- $153.71M