How to get FXS coin? This article will teach you how to get FXS coin

Frax Finance users can earn FXS coins through farming on Uniswap V3 and Fraxswap, staking on Frax Finance and Curve, participating in governance, contributing to ecosystem initiatives like Frax Lending and Vault, participating in airdrops and giveaways, or simply buying them on cryptocurrency exchanges.

Oct 09, 2024 at 12:24 am

How to Earn FXS Coins: A Comprehensive Guide

1. Farming

a. Uniswap V3

• Provide liquidity to Uniswap V3 pools with FXS and other tokens to earn trading fees and FXS rewards.
• Fees are distributed proportionally based on your liquidity contribution and the time it's locked.

b. Fraxswap

• Stake LP tokens representing Fraxswap pools in the Fraxswap Gauge Controller.
• Earn FXS rewards based on the amount of liquidity provided and the pool's weight.

2. Staking

a. Frax Finance

• Stake FXS in the Frax Finance stability pool.
• Earn FXS rewards proportionate to the number of FXS staked and the staking duration.

b. Curve

• Stake FXS in the Curve stablecoin liquidity pool.
• Earn trading fees, CRV tokens, and FXS rewards for providing liquidity.

3. Governance Participation

• Engage in the Frax Finance governance process by participating in polls and proposals.
• Active governance participants may receive FXS rewards.

4. Ecosystem Initiatives

a. Frax Lending

• Use FXS to borrow stablecoins and earn rewards.
• The specific rewards and mechanics may vary depending on the lending platform used.

b. Frax Vault

• Deposit FXS into the Frax Vault to earn yield from various DeFi protocols.
• Rewards are automatically compounded and distributed in FXS.

5. Airdrop and Giveaways

• Participate in airdrops or giveaways organized by the Frax Finance team or its partners.
• These events may distribute FXS coins to eligible participants.

6. Buying on Exchanges

• Purchase FXS coins directly from cryptocurrency exchanges such as Binance, Coinbase, or Huobi.
• The availability and liquidity of FXS may vary across different exchanges.

Additional Tips

• Research and Due Diligence: Conduct thorough research on Frax Finance and the various earning methods before investing.
• Diversify your Earnings: Consider using multiple earning strategies to mitigate risk and optimize rewards.
• Monitor Market Conditions: Stay informed about market fluctuations and the overall sentiment towards Frax Finance to make informed decisions.