Guide: How to add liquidity to Frax Finance pools on Uniswap.

1- how to get FRAX & FXS tokens?

2- How to add liquidity to Frax Finance pools ?

Step 1

Step 2

  • Write the amount of FRAX you wish to add to the liquidity pool, UNISWAP will automatically calculate the equivalent value in FXS to be added, we will add 400 FRAX +54.011 FXS.

Step 3

  • Click “Approve” for both FRAX and FXS spendings, for each Approve a MetaMask transaction will appear. Confirm it, and wait between each transaction until it is executed.

Step 4

  • Once FRAX & FXS are approved, click “Supply”:
  • Click “Confirm Supply”:
  • A MetaMask transaction will appear. “Confirm” it:

Step 5

  • Click on add UNI-V2 to MetaMask.
  • Wait until the transaction is completed, after that You will receive FRAX-FXS LP tokens, and UNISWAP will show your liquidity position here:

Step 6 (Staking)

  • Choose Uniswap FRAX/FXS pool from the drop-down menu.
  • Now your LP tokens should appear in the deposit section, click on “Available” to add them.
  • You can choose between Unlocked and Locked staking, as it shows below, the Normal APY is 89.33% for unlocked staking , and Max APR is 268.00% for 3 years Locked staking.
  • In this example we will use a 365-days Lock.
  • Click “Stake
  • A MetaMask transaction will pop-up to Approve your UNI-V2 tokens spending, Confirm the transaction.
  • A second MetaMask transaction will pop-up to Stake your UNI-V2 tokens, Confirm the transaction.

About Frax Finance

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Frax Finance Community

Frax Finance Community

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic.