💰How to stake into the stability pool?

The f(x) Protocol stability pool offers a unique way of putting your stablecoins at efficient work. By staking either your fxUSD or USDC, you will not only earn enhanced LSD yields, xPOSITIONs trading commissions, and $FXN but will also contribute to making the protocol robust and scalable. Remember, this is not a counterparty vault. You are not betting against traders; your capital stays pegged to the USD. Understand that depositing and staking is a mandatory two-step process to earn all the rewards. You first need to deposit assets into the stability pool, then stake this stability pool token into the $FXN gauge. Hopefully, the UI abstracts this by triggering both transactions in a row.

Let’s get into it.

• Make sure you have either fxUSD or USDC in your wallet.

• Head over to the “Earn” page.

• Connect your wallet using the upper right “Connect Wallet” button.

• Look for the “fxUSD Stability Pool Gauge” strategy.

• If not already, expand the strategy by clicking the down arrow button on the right of the box

• Hit the “Deposit” button to see a deposit box popup.

• Choose whether you want to deposit fxUSD or USDC using the down arrow

• Type the desired amount

• Keep the Stake toggle if you want to stake directly into the f(x) gauge. (Recommended - Untoggle it if you wish to stake elsewhere)

• Click the “Deposit & Stake” button

• Confirm the transactions in your wallet.

If you have some unstaked Stability Pool tokens, you will see a “Stake” button; click it to stake them in the gauge and earn yield.

• Type the desired amount.

• Click the “Approve & Deposit” button (if already approved, it will be a simple “Deposit” button”)

• Confirm the transactions in your wallet.