Guide: How to bridge FRAX & FXS to Binance smart chain (BSC) and add liquidity to Impossible Finance.

1- How to get FRAX & FXS tokens?

2- How to bridge your FRAX & FXS tokens to Binance Smart Chain (BSC)?

  • Now you have both FRAX & FXS in your Eth wallet you will need to bridge them, There are some options for migrating to Binance Smart Chain (BSC).
    Binance Exchange Withdraw to address (only for FXS)
    Binance Bridge (only for FXS)
    Multichain Bridge (only for FRAX )
  • Choose FRAX (ETH) in the “from” menu and FRAX (BSC) in the “To’’ menu, then write the desired amount you wish to bridge to BSC then click “Transfer”
  • A MetaMask transaction will pop-up “Confirm” it.
  • A pending deposit transaction will appear and wait until it is finished.
  • A confirmed transaction will pop-up.
  • Now your FRAX tokens are bridged, you need to bridge your FXS tokens also.
  • Head to Binance Bridge link: https://www.binance.org/en/bridge and connect your MetaMask wallet.
  • You will arrive at this page:
  • Choose FXS from the drop-down menu, write the desired FXS amount you want to bridge, and add the destination address then click “Next”.
  • Click “Confirm”.
  • Click “Submit transaction via MetaMask”
  • A MetaMask transaction will appear “Confirm” it.
  • Wait until all confirmations are passed to receive FXS tokens in your BSC wallet.

3- How to Switch your MetaMask wallet to Binance Smart Chain (BSC) Mainnet Network?

  • To switch your MetaMask to Binance Smart Chain (BSC), you will find at the top “Ethereum Mainnet” Click on it to open the drop-down menu.
  • At the bottom of the list, you will find “Custom RPC”. click on it.
  • The window below will appear, Enter these details and then Click “Save”:

4- How to add liquidity to the FRAX-FXS or FRAX-IF Pool on Impossible Finance.

Step 1

Step 2

  • You will arrive at this page. Click on “Connect Wallet”.
  • Connect to any wallet of your choice. (We will be using metamask).
  • Click “Next”.
  • Enter the desired amount you wish to add as liquidity (FXS amount will automatically updated when you enter the amount of FRAX).
  • Click on “Approve FRAX”. Wait for MetaMask to pop-up and then click on “Confirm”.
  • Click on “Approve FXS”. Wait for MetaMask to pop-up and then click on “Confirm”.
  • Click on “Supply”.
  • Click on “Confirm Supply”.
  • Click on “Confirm”.
  • You will receive FRAX-FXS LP tokens, and Impossible Finance will show your liquidity position here:
  • Click on “Got it”.
  • You have successfully received your LP tokens.

Step 3

  • A new metamask window will pop-up. Click on “Confirm”.
  • Wait for processing approval transaction.
  • Wait for processing transaction.
  • “Staking successful” notification will display.

About Frax Finance

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