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

In this guide we will demonstrate how to add liquidity to our pools on UNISWAP, we will be using the MetaMask extension, You can link other wallets supported by the UNISWAP exchange as well.

Frax Finance liquidity program on UNISWAP offers FXS rewards only to these Pools :
FRAX-USDC 33%
FRAX-FXS 33%
FRAX-ETH 33%

In the example below we will add liquidity to the FRAX-FXS Pool.

1- how to get FRAX & FXS tokens?

(NOTE : you will need equal dollar value of both FRAX and FXS, for example if you want to add 100 FRAX you will need 100$ worth of FXS).

2- How to add liquidity to Frax Finance pools ?

Step 1

Step 2

Step 3

(NOTE: It is recommended that you use sufficient gas to execute the transactions)

Step 4

  • Click “Confirm Supply”:
  • A MetaMask transaction will appear. “Confirm” it:

Step 5

  • 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

(NOTE : APR is subject to change depending on TVL, Price & Collateral Ratio)

  • 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.

Congratulations, you have successfully provided liquidity, you should NOW Start receiving FXS REWARDS!

About Frax Finance

FRAX : is the stablecoin targeting a tight band around $1/coin.
Frax Shares (FXS) : is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

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

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