What is oneFOX?
$oneFOX is a stable asset backed by $FOX and $USDC. The FOX/USDC ratio will fluctuate but the price will always be equivalent to $1 (USD). Single asset staking on app.ichi.org will allow you to earn rewards (FOX or ICHI depending on which LP you choose). More information can be found here.
How Do I get oneFOX?
For this example, we will be acquiring oneFOX via swapping on Uniswap v3.
Disclaimer: You will need ETH to pay for several transactions throughout this process. Between swapping for oneFOX and adding oneFOX to the LP, I paid for gas approximately 5 times throughout this process. The price of gas changes frequently.
The current gas fees can be found here.
1. Go to Uniswap.
2. Connect one of the compatible wallets (MetaMask is being used for this example).
3. Select which erc20 token and the amount you'd like to swap for oneFOX. Click "Swap".
4. Click "Confirm Swap" and approve the transaction on your wallet.
5. Wait for the transaction to confirm on chain (etherscan).
6. Congratulations! You now have some oneFOX.
Staking Your oneFOX To Earn Rewards
1. Head to the FOX farming page here.
2. Under "Farming Opportunities" click "Get Started" next to oneFOX. If you select the ICHI - Staking, you can earn ICHI. If you select ICHI - Angel Vault you can earn FOX. For this example we will be selecting "ICHI - Angel Vault".
3. After clicking "Get Started" on the FOX farming page you will be redirected to app.ichi.org. Make sure your wallet with the oneFOX balance is connected.
4. From the menu on the left select "Angel Vaults".
5. Click "Add Liquidity" and select the amount of oneFOX you'd like to add to the LP.
Note: If this is your first time interacting with oneFOX, you will first need to approve the token. Click "Approve" and confirm the transaction on your wallet. Once the token has been approved, you can now add liquidity.
6. After clicking "Add Liquidity", confirm the transaction on your wallet.
7. Your oneFOX/FOX has been successfully added to the liquidity pool.
Staking Your LP
1. From the Stake LP tab, click "Stake LP". Approve the transaction on your wallet.
2. Select the amount to stake and click "Stake". Confirm the transaction on your wallet.
3. Success! You will now start earning FOX rewards. You can view your FOX rewards and claim them from the Angel Vault section.
If you have any questions about this process, please contact customer support here.