Guide: How to swap your bridged FRAX-USDC to native tokens and add liquidity on Moonriver (SUSHI).

1- How to swap your bridged FRAX to native tokens?

Step 1

  • We will be using the Fantom network as an example but the bridging is the same with any chain as cross-chain bridge is for swapping tokens on non-Ethereum chains
  • 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 USDC.

Step 2

  • Now you have bridged your FRAX you will need to swap them for the Native FRAX tokens.
  • Please head to the Frax Cross Chain bridge page: https://app.frax.finance/crosschain
  • You will arrive at this page:
  • Choose the Fantom chain from the drop-down menu.
  • A MetaMask window will pop-up and 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”.

2-How to add liquidity to FRAX-USDC Pool on Moonriver (SUSHI).

Step 1

  • Click on “Connect to a wallet”
  • Select your preferred wallet. We will be using a metamask wallet here.
  • After clicking on connect a wallet, a pop-up window will appear. Click on confirm. You’re successfully connected your wallet.
  • Select a network. Here, you’ll select “moonriver”.
  • After selecting moonriver network, a pop-up window will appear to allow you to switch your wallet to moonriver. Click on “Switch Network”
  • Click on “FRAX-USDC” pool.
  • Select the amount of FRAX-USDC you wish to add in the liquidity pool and click on “Enter An Amount”. A pop-up window will appear, click on “Confirm”.
  • Click on “Staking”, then select the amount of LP token you wish to deposit. Click on “Confirm Deposit”.
  • A MetaMask window will pop-up, click on “Confirm”.

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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.