Guide: How to bridge FRAX to Polygon (Matic) network and add liquidity to mStable.

1- How to buy FRAX & USDC Stablecoins?

2- How to bridge FRAX & USDC stablecoins to Polygon (Matic) network ?

  • Now you hold both FRAX and USDC, you will need to bridge your FRAX & USDC stablecoins.
  • head to Polygon (Matic) bridge link : https://wallet.matic.network/bridge/ and connect your MetaMask wallet.
  • you will arrive at this page :
  • Choose the amount of FRAX you would like to bridge and Click “Transfer”.
  • A notification will appear, Click “Continue”.
  • Click “Continue”.
  • Click “Continue” again to confirm your transfer.
  • Click “Continue”.
  • A MetaMask transaction will appear to bridge your FRAX tokens, click “Confirm”.
  • Wait for the transaction to process, this might take several minutes, depending on network demand, then Repeat the same process to bridge your USDC stabelcoins.
  • Now you bridged your FRAX & USDC stablecoins, you will need to switch your MetaMask wallet to Polygon (Matic) network.

3- How to Switch your MetaMask wallet to Polygon (Matic) Mainnet network?

  • To switch your MetaMask to Polygon (Matic) 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’ll find “Custom RPC”. click on it.
  • The screen below will appear, Enter these details and then Click “Save”:

4- How to add liquidity to FRAX-mUSD Pool on mStable ?

Step 1

  • Your MetaMask wallet is now connected to Polygon (Matic) network , you will need to add liquidity to mStable.
  • Please head to mStable swap page and connect your wallet: https://app.mstable.org/#/musd/swap
  • You will arrive at this page:
  • Choose the amount of USDC you want to swap to mUSD and click “Mint”.
  • Click “Approve” then “Send transaction”.
  • A MetaMask transaction will appear click “Confirm”.
  • Now you have approved your USDC spending, Click “Mint” then “Send transaction”.
  • A MetaMask transaction will appear click “Confirm”.
  • Now you have swapped your USDC to mUSD you will need to add liquidity.

Step 2

  • Click “Switch to mint via multiple”.
  • Write the amount of FRAX and mUSD you want to add to the liquidity then click on the LOCK icons.
  • Click “Approve” for both FRAX & mUSD spendings and wait until the transactions are confirmed.
  • Click “Deposit” then “Send transaction”.
  • A MetaMask transaction will appear click “Confirm”.
  • Click “Stake” then click on the LOCK icon.
  • Click “Approve” then “Send transaction”..
  • Click “Confirm”.

Step 3 (Staking)

  • Click on Available to add your LPs, Choose the amount of time you like to lock your LPs from 7 days to 1095 days, in this guide we will choose 365 days, then “STAKE”.
  • A MetaMask transaction will appear click “Confirm”.

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.