Guide: How to bridge FRAX to Avalanche network and add liquidity to Snowball.

In this guide we will demonstrate how to bridge your FRAX stablecoins to Avalanche network and add liquidity to Snowball.

Frax Finance & Snowball liquidity S3F pool rewards farmers SNOB tokens with APR of 54.85%.

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

1- how to get FRAX ?

  • Connect your MetaMask extension to Curve.fi, then purchase the desired amount of FRAX you like to add to the liquidity using the links below:
    FRAX : https://curve.fi/frax/

2- How to bridge your FRAX to Avalanche network ?

  • Now you have FRAX in your ETH wallet you will need to bridge it.
  • Head to Multichain bridge link: https://multichain.xyz/swap and connect your MetaMask wallet.
  • You will arrive at this page:
  • Choose FRAX (Avalanche) in the “from” drop-down menu then Click on the up/down swap arrows.
  • Write the desired amount of FRAX you wish to bridge to Avalanche network then click “Transfer”.
  • A MetaMask transaction will pop-up “Confirm” it.
  • A pending deposit & Transfer transactions will appear wait until they are both successful.
  • Your FRAX tokens are now bridged.

3- How to set up MetaMask on Avalanche?

  • To switch your MetaMask to Avalanche network, 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”:

You are now connected to the Avalanche network (AVAX)!

4- how to get AVAX to fund your MetaMask wallet?

  • You will need AVAX to spend for gas on the Avalanche network.
  • Go to https://wallet.avax.network/, and make a new wallet.
  • Select the X chain address.
  • Buy AVAX on Binance then send it to this X chain address via AVAX as a Transfer network.
  • Now your X chain address is funded with AVAX, you need send the funds to your C chain address.
  • On the left, Click “Cross-Chain” , then choose the “C Chain (Contract)” as the destination chain.
  • Enter the amount you would like to transfer and click “Confirm” then click “Transfer”.
  • Now you can send the AVAX from your Avalanche wallet to your MetaMask wallet.
  • Select “Send” and Select “C Contract” as the Source Chain.
  • Copy your MetaMask wallet address.
  • paste it into the “To Address” field on your Avalanche wallet, write the desired amount of AVAX you want to send and click “Confirm” then “Send Transaction”.
  • Congratulations! You now have funded your MetaMask wallet and can start using Avalanche with MetaMask.

5- How to add liquidity to FRAX S3F Pool on Snowball?

Step 1

  • Your MetaMask wallet is now connected to Avalanche network, you will need to add liquidity to Snowball.
  • Please head to Snowball add liquidity link and connect your MetaMask wallet: https://app.snowball.network/s3f/
  • You will arrive at this page:

Step 2

  • Write the amount of FRAX you want to add to the liquidity pool.

Step 3

  • Click “Approve” for FRAX spending, a MetaMask transaction will appear, “Confirm”it.

Step 4

  • Click “Deposit”.
  • Click “Confirm Deposit”.
  • A MetaMask transaction will appear, “Confirm”it.

Step 5 (Staking)

  • You successfully provided liquidity, now you need to Stake your LP Tokens.
  • Please head to the Snowball Staking page link here: https://app.snowball.network/earn/
  • You will arrive at this page:
  • Click “Approve”, A MetaMask transaction will appear, “Confirm”it.
  • Click “Stake S3F”, A MetaMask transaction will appear, “Confirm”it.
  • Snowball will show your pool share position and the APR at the moment is 54.85%.

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

Congratulations, you have successfully staked your LPs, you should NOW Start receiving SNOB REWARDS!

About Frax Finance

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The stablecoin (FRAX) is named after the “fractional-algorithmic” stability mechanism. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

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.

Website | Docs | Telegram | Discord | Twitter | Github

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