Where & how to lend Axie Infinity (AXS)

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

1. 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
   Bitpanda	Axie Infinity (AXS)	$4.49
   YouHodler	Axie Infinity (AXS)	$4.48
   Uphold	Axie Infinity (AXS)	$4.98
   Wirex	Axie Infinity (AXS)	$4.51
   Kraken	Axie Infinity (AXS)	$4.47
   OKX	Axie Infinity (AXS)	$4.48

   See all 21 prices

2. 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 11% APY
   OKX	Axie Infinity (AXS)	Up to 1% APY
   Kucoin	Axie Infinity (AXS)	Up to 0.5% APY

   See all 8 lending rates

3. 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. 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.