Guide: How to create a new pool (pair) on Fraxswap.

  • In this guide we will explain how to create a new pool (pair) on Fraxswap.

1- How to create a new pool (pair) on Fraxswap?

  • The pool creation on Fraxswap requires having two currencies in your wallet and ETH (or any native token of the chain you will be creating the new pool) to cover the gas fees. In this guide, we will be creating a new pool (pair) using FRAX & FVT tokens on the Ethereum network.
  • You’ll need to have the both tokens you want to create their pool pair and also have the “smart contract address” of the new token you want to create the pool.

Step 1

  • Head to Fraxswap pool via the link: https://app.frax.finance/swap/liquidity
  • You will arrive at the following page, then connect your metamask wallet.
  • After connecting your metamask wallet, you will need to click on “FXS

Step 2

  • You will arrive here, then add the “smart contract address” of the token you want to create the pool pair for.
  • We will be entering the “FVT” contract address here.
  • Now “FVT contract address” has been entered here, click on “ADD”

Step 3

  • “FVT” is now added to the list. We will proceed with creating the pool pair.
  • Select “FRAX & FVT”.

Step 4

  • Enter the amount of “FVT tokens per FRAX”. We will be using 1451 FVT per 1 FRAX.
  • Then click “Supply”.

(NOTE: It is recommended to use enough gas fees to execute the transactions).

  • A MetaMask transaction will pop-up to approve your spendings.
  • Click “Confirm” .
  • A processing transaction will pop-up, wait for the processing transaction to be completed.
  • Another MetaMask transaction will pop-up.
  • Click “Confirm” .
  • A processing transaction will pop-up, wait for the processing transaction to be completed.
  • Another MetaMask transaction will pop-up, which is the final transaction.
  • Click “Confirm”.
  • Wait for the transaction to be completed, after waiting for the transaction to be completed. Your pool pair will be created.
  • You will be able to see your LP positions below, along with the ability to see the available options.
  • Congratulations, you have successfully created your new pool (pair), you should now be able to start trading the token you created the pool on Fraxswap!

(NOTE: your newly created pool pair can only display to you and it will be displayed to others if the team whitelist the pool pair).

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.

Frax Price Index (FPI): is the stablecoin pegged to the US CPI.

Frax Price Index Share (FPIS): is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

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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.