Guide: How to bridge FRAX to Fantom network and add liquidity to SpiritSwap.

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 get FTM?

  • To get FTM Tokens you can buy it from BINANCE exchange and send it to your wallet via FTM Network.
  • Or you can buy it from UNISWAP, then bridge it using Multichain bridge, we will explain how to use Multichain bridge later in this guide.

3- How to bridge your FRAX to Fantom 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 (FTM) in the “from” drop-down menu, and FRAX (ETH then Click on the up/down swap arrows.
  • Write the desired amount of FRAX you wish to bridge to Fantom 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.
  • Now your FRAX tokens are bridged, you will need to switch to fantom Network (FTM).

4- How to Switch your MetaMask wallet to Fantom network ?

  • To switch your MetaMask to Fantom 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.

5- How to add liquidity to FRAX-FTM Pool on SpiritSwap ?

Step 1

Step 2

  • Write the amount of FRAX you wish to add to the liquidity pool, SpiritSwap will automatically calculate the equivalent value in FTM to be added.

Step 3

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

Step 4

  • Click “Supply”.
  • Click “Confirm Supply”.
  • A MetaMask transaction will appear. “Confirm” it.
  • You will receive FRAX-FTM LP tokens, and SpiritSwap will show your liquidity position here.

Step 5 (Staking)

  • You successfully provided liquidity, now you need to Stake your LP Tokens.
  • Please head to the SpiritSwap Farming page link here: https://app.spiritswap.finance/#/farms
  • You will arrive at this page:
  • Write Frax in the search bar, then Click “Approve”.
  • A MetaMask transaction will appear. “Confirm” it.
  • Click “Deposit”.
  • Click “Max” then “Confirm”.
  • A MetaMask transaction will appear. “Confirm” it.
  • SpiritSwap will show your rewards to harvest and the APR at the moment is 1274 %.

About Frax Finance

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Frax Finance Community

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