Best AXS (Axie Infinity Shards) Interest Rates of Sep 2023

Best AXS Interest Rates

The table above compares the best AXS interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best Axie Infinity Shards interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your AXS for one month. So the best AXS interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest AXS Yield

The max APY column will show where you can earn the highest AXS yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest AXS interest rate on the first X amount of AXS.

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and Axie Infinity Shards rates may change for US vs non-US. The table also includes other details relevant to determining the highest AXS interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best AXS APY / Best AXS APR

The table shows AXS rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has AXS rates in APR, you can use tools like this to convert AXS APR to AXS APY.

Best AXS Staking Rates / Best AXS Lending Rates

For earning yield, staking AXS is sometimes used interchangeably with lending AXS. So those looking for the best AXS staking rates to earn interest might be looking for the best AXS lending rates to earn interest. With the CeFi platforms covered here, you are lending your AXS to centralized entities, as a way to earn yield on AXS.

How To Earn Interest on AXS

To earn interest on AXS, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit AXS to start earning interest. To earn the highest AXS APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn AXS Interest

The high yield offered by AXS interest accounts is likely the main reason an individual would want to earn AXS interest, rather than letting it sit idle.

However, there is always risk that you lose some or all of your assets. For example, a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best AXS Interest Account / Best AXS Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best AXS interest account / best AXS savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of AXS. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.