Earn up to
4,5% APY
An in-depth guide on how to lend Frax (FRAX) in South Africa
We have a wealth of information on lending Frax (FRAX), and we're excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
Frax (FRAX) is currently priced at US$4,5 with a 24-hour trading volume of US$24,88M. The market cap of Frax stands at US$646,08M, with 649,43M FRAX in circulation. For those looking to buy or trade Frax, Aave offers avenues to do so securely and efficiently
Lending Frax can be an excellent choice for those looking to hold FRAX while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To lend Frax, you first need to possess it. To acquire Frax, you'll need to buy it. You can select from these well-known exchanges.
| Platform | Mint | Cost |
|---|---|---|
| Uphold | Frax (FRAX) | 1 |
| FMFW.io | Frax (FRAX) | 0,5 |
| Gate.io | Frax (FRAX) | 0,86 |
Once you have FRAX, you'll need to select a Frax lending platform to lend your tokens. You can explore some options here.
| Platform | Mint | APY |
|---|---|---|
| Aave | Frax (FRAX) | Up to 4,5% APY |
Once you've selected a platform to lend your Frax, transfer your Frax into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
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