Guide : How to wrap FRAX on MATIC L2 & add liquidity to QUICKSWAP.

In this guide we will demonstrate how to Wrap your FRAX & FXS on Polygon (Matic) L2 Network and add Liquidity to QUICKSWAP.

Frax Finance + QUICKSWAP liquidity program offers QUICK Tokens Rewards to farmers who add liquidity to these Pools :

FRAX-FXS
FRAX-QUICK

in the example below we will add liquidity to the FRAX-FXS Pool.

1- How to get FRAX & FXS tokens?

(NOTE : you will need equal dollar value of both FRAX and FXS, for example if you want to add 100 FRAX you will need 100$ worth of FXS).

2- How to Wrap your FRAX & FXS tokens on Polygon (Matic) L2 Network ?

  • head to Polygon (Matic) bridge link : https://wallet.matic.network/bridge/ and connect your MetaMask wallet.
  • you will arrive at this page :
  • Choose the amount of FRAX you would like to Wrap and Click “Transfer
  • A notification will appear, Click “Continue”.
  • Click “Continue”.
  • Click “Continue” again to confirm your transfer.
  • A MetaMask transaction will appear to Approve your FRAX tokens spending, Confirm the transaction.
  • Click “Continue”.
  • A MetaMask transaction will appear to Wrap your FRAX tokens , click “Confirm
  • Wait for the transaction to process. this might take several minutes, Depending on network demand, then Repeat the same process to Wrap your FXS Tokens.
  • Now you Wrapped your FRAX & FXS Tokens, you will need to Switch your MetaMask wallet to Polygon (Matic) Network.

3- How to Switch your MetaMask wallet to Polygon (Matic) Mainnet Network?

  • At the bottom of the list, you’ll find “Custom RPC”. click on it.
  • The screen below will appear, Enter these details and then Click “Save”:

Network Name: Matic Mainnet

New RPC URL: https://rpc-mainnet.matic.network

Chain ID: 137

Symbol: MATIC

Block Explorer URL: https://explorer.matic.network/

You are now connected to the Polygon (Matic) Network!

4- How to add liquidity to FRAX-FXS Pool on QUICKSWAP ?

Step 1

(NOTE : You will find in your wallet 0.1 MATIC to spend for gas, it will cover all your gas fees).

Step 2

Step 3

Step 4

  • Click “Confirm Supply”:
  • A MetaMask transaction will pop-up. Confirm the transaction:
  • Wait for the transaction to be completed.
  • you will receive FRAX-FXS LP tokens, and QUICKSWAP will show your liquidity position here:

Step 5 (Staking)

  • Click “Deposit QUICK-V2 LP Tokens”.
  • Click “Approve”, a MetaMask transaction will pop-up. SIGN it.
  • Click “Deposit”.
  • A MetaMask transaction will pop-up. Confirm it.

Congratulations, you have successfully provided liquidity, you should NOW Start receiving QUICK Tokens REWARDS!

(NOTE : when you want to send your tokens back to Ethereum Network use Polygon (Matic) Network Bridge Transfer mode: PoS Bridge, it’s faster than the Plasma Mode. Link: https://wallet.matic.network/bridge/ ).

About Frax Finance

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.

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Unofficial Frax Finance medium — 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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