How to bridge FRAX & FXS to Polygon (Matic) network and add liquidity to Sushi.

In this guide we are going to explain how to bridge FRAX & FXS to Polygon (Matic) network and add liquidity to Sushi.

Frax Finance & Polygon (Matic) liquidity program offers MATIC & SUSHI rewards for farmers who add liquidity to FRAX-FXS & FRAX-USDC Sushi pools on Polygon (Matic) network, in this example we will add liquidity to 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 bridge FRAX & FXS tokens to Polygon (Matic) 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 bridge 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 bridge your FXS Tokens.
  • Now you bridged 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 SUSHI ?

Step 1

(NOTE : You will need in your wallet MATIC tokens to spend for gas)

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 SLP tokens, and Sushi will show your liquidity position here:

Step 5 (Staking)

  • To Stake your FRAX-FXS SLP tokens please head to this link : https://app.sushi.com/yield
  • you will arrive at this page, search for FRAX-FXS Pool:
  • Click “MAX” to add your SLPs, then click “Approve”:
  • A MetaMask transaction will pop-up. Confirm the transaction:
  • Click “Stake”:
  • A MetaMask transaction will pop-up. Confirm the transaction:

Congratulations, you have successfully provided liquidity, you should NOW Start receiving MATIC & SUSHI 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.

Website | Docs | Telegram | Twitter | Discord | Governance | Github

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.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store