ShapeShift DAO recently launched rFOX, a unique cross-chain community incentive program that connects the EVM and THORChain ecosystems. This program allows you to earn yield in THORChain’s native token, RUNE, by staking FOX tokens. 

This guide will show you how to transfer FOX from Coinbase to the decentralized lands of ShapeShift and how to deal with it after quitting CEX - making the most of this exciting new opportunity.

Sending FOX to MetaMask

First, make sure you have FOX tokens in your Coinbase account or Coinbase Wallet. Log in to Coinbase, open your FOX wallet, and select "Send/Receive". Enter the amount of FOX you want to transfer and paste your MetaMask wallet address in the recipient field. Confirm the transaction, and your FOX tokens will be sent to MetaMask.

Connecting to ShapeShift

Next, go to ShapeShift’s website. Click on "Connect Wallet" and select MetaMask login. Follow the prompts to connect your wallet. This will allow you to interact with ShapeShift’s platform.

Installing ShapeShift Multichain Snap

To make everything run smoothly, install the ShapeShift Multichain Snap. You can find this in the Multichain Snap section on ShapeShift. Follow the on-screen instructions to complete the installation. This step ensures your MetaMask wallet can seamlessly interact with multiple blockchain networks.

Staking FOX to Earn Rewards

Now that everything is set up, go to the staking section on ShapeShift. Select your FOX tokens and enter the amount you wish to stake. Confirm the transaction through MetaMask. Once staked, you’ll start staking rFOX and earn rewards in RUNE.

Closing Thoughts

ShapeShift’s rFOX program links THORChain and Arbitrum ecosystems, allowing you to earn from trading, saving, lending, and LPing on Transactions under $1,000 are affiliate-free, making it accessible to everyone. rFOX originated from a community proposal and received overwhelming support. It showcases the power of DAO tokenholders in driving innovation and making decisions.

Start staking your FOX tokens today to earn rFOX and join this exciting multichainincentive program!

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