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.
