Guide: How to swap your bridged FRAX & FXS to canonical native tokens.

In this guide we will demonstrate how to swap your bridged FRAX & FXS tokens for Chain-Native tokens.

1- How to swap your bridged FRAX & FXS to canonical native tokens?

Step 1

  • Since the Cross-chain bridge is for swapping tokens on non-Ethereum chains, we will first bridge the FRAX & FXS tokens to FTM network as an example.
  • Please head to anyswap bridge page and connect your wallet: https://anyswap.exchange/#/bridge
  • You will arrive at this page:
  • Choose FRAX from the From menu and change the network to FTM mainnet.
  • Write the amount of FRAX you want to bridge then click “Swap”.
  • Click “Swap”.
  • A MetaMask transaction will pop-up click “Confirm”, and wait for the transaction to be confirmed.
  • Now you have bridged your FRAX tokens you will need to do the same process to bridge FXS,

(NOTE: you may need to wait some time for it to appear on FTM even after the transaction is confirmed)

Step 2

  • Now you bridged your FRAX & FXS you will need to swap them for the Native FRAX & FXS tokens.
  • Please head to the Frax Cross Chain bridge page: https://app.frax.finance/crosschain
  • You will arrive at this page:
  • Choose Fantom chain from the drop-down menu.
  • A MetaMask window will pop-up click “Switch Network”.
  • Choose anyFRAX from the From menu and FRAX from the To menu.
  • Write the amount of FRAX you want to Swap then click “Swap”.
  • A MetaMask transaction will pop-up to approve your spending click “Confirm”.
  • A MetaMask transaction will pop-up to swap your FRAX tokens click “Confirm”.
  • Congratulations! now you have swapped your bridged FRAX tokens for Chain-Native FRAX.

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 | Twitter | Discord | Governance | Github

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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.

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