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

1- How to get FRAX & FXS tokens?

2- How to bridge FRAX & FXS tokens to Polygon (Matic) network ?

  • Now you hold both FRAX and FXS, you will need to bridge your FRAX & FXS Tokens.
  • head to Polygon (Matic) bridge link : https://wallet.matic.network/bridge/ and connect your MetaMask wallet.
  • you will arrive at this page :
  • 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?

  • To switch your MetaMask to Polygon (Matic) Network, you will find at the top “Ethereum Mainnet” Click on it to open the drop-down menu.
  • 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”:

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

Step 1

Step 2

  • Select the amount of FRAX you wish to add to the liquidity pool, Sushi will automatically calculate the equivalent value in FXS to be added, we will add 500 FRAX +176.78 FXS.

Step 3

  • Click “Approve” for both FRAX and FXS spendings, for each Approve a MetaMask transaction will pop-up. Confirm the transaction, and wait between each transaction.

Step 4

  • Once FRAX & FXS are approved, click “Confirm Adding Liquidity”:
  • 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)

  • Now you provided liquidity, you will need to stake your SLP tokens.
  • 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:

About Frax Finance

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Frax Finance Community

Frax Finance Community

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic.