Guide: how to use AMM/TWAMM on Fraxswap.
In this guide we will explain how to use FraxSwap AMM/TWAMM functions.
1- How to buy FRAX & FPI Stablecoins?
- Connect your MetaMask extension to UNISWAP then purchase the desired amount of FRAX or FPI using the link below:
https://info.uniswap.org/#/pools/0xd2a9f2b88d6df8830522d624db491445362a2797
2- How to swap your tokens using AMM on FraxSwap?
- Head to Fraxswap main page https://app.frax.finance/fraxswap and connect your MetaMask:
- You will arrive at this page:
Now you have connected your MetaMask wallet:
- Slide the button to “AMM”:
- You can select the token you desire to swap by clicking on the token box which should be in “FRAX” as default:
- We will be selecting FRAX:
- Select the token of your choice you will like to swap with FRAX.
- We will be swapping FRAX for FPI:
- Enter your desired amount of FRAX you will like to swap for FPI:
- Click on “Approve FRAX”:
- Click “Swap”.
- A MetaMask transaction will pop-up to approve your spending.
- Click “Confirm”:
- Another MetaMask transaction will pop-up.
- Click “Confirm”:
- A “Processing Swap” notification will appear, wait for your transaction to be processed.
- Congratulations you have successfully swapped your FRAX for FPI.
3- How to swap your token using TWAMM on FraxSwap?
- Head to FraxSwap main page https://app.frax.finance/fraxswap and connect your MetaMask.
- You will arrive at this page:
- Click on “TWAMM”:
- We will be swapping FPI for FRAX.
- Enter your desired amount of FPI you want to Swap with “TWAMM” function:
- Click to select your desired “Buy Period”.
(Note: If you want to average in, or slowly exit a position, choose a longer period).
- Click on “Approve FPI” (Or your desired token)”:
- Click “Swap”:
- A MetaMask transaction will pop-up to approve your spending.
- Click “Confirm”:
- Another MetaMask transaction will pop-up.
- Click “Confirm”:
- A “Processing Swap” notification will appear, wait for your transaction to be processed.
- Congratulations you have successfully swapped your FPI for FRAX using the TWAMM function.
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.
