Guide: How to migrate your UNI-V2 FRAX-USDC LPs to UNI-V3.

In this guide we will demonstrate how to migrate your UNI-V2 FRAX-USDC LP tokens to UNI-V3.

Step 1 (Migration).

(Note: if you don’t see the FRAX/USDC pool in the list click “Import Pool”).

  • Click “Migrate”.
  • You will arrive at this page:
  • Make sure to match these inputs:
  • 0.05% fee.
  • Min Price for USDC per FRAX must be exactly = “0.99442”
  • Max Price for USDC per FRAX must be exactly =“1.0054”
  • Click “Allow LP token migration”.
  • A MetaMask transaction will appear click “SIGN”, then click “Migrate”.
  • A MetaMask transaction will appear click “Confirm”, and wait until the transaction is executed.
  • Congratulations you have migrated your LPs to our FRAX/USDC UNI-V3.

Step 2 (Staking).

  • Click “SELECT” and choose the desired amount of time you like to lock your LPs, in this example we will lock for 365 days.
  • Click “STAKE”.
  • A MetaMask transaction will appear click “Confirm”, and wait until the transaction is executed.
  • Another MetaMask transaction will appear click “Confirm”.
  • Congratulations you have staked your LPs you should start receiving FXS 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.