# FPIS to FXS Migration

Convex used to support Frax Finance's **FPIS** token, the governance token for the **FPI** stablecoin launched by Frax. Frax [documentation](https://docs.frax.finance/frax-price-index/overview-cpi-peg-and-mechanics) explains the mechanisms behind the **FPI** stablecoin and the **FPIS** governance token in more detail. However, Frax has voted to merge **FXS** with **FPIS** governance tokens, and Convex has since sunsetted **cvxFPIS** and will be converting its **FPIS** to **veFXS**. **Convex Finance will support the migration of both FPIS and cvxFPIS to cvxFXS at a 3 to 1 ratio**. If you still hold **FPIS**, here is a step by step guide on how to complete the conversion.

**Step 1:** Bridge a small amount of ETH or frxETH to Fraxtal so you have the gas necessary for the relevant transactions, if you don’t already have some there to begin with. Then bridge over your **FPIS** or **cvxFPIS** tokens using this [link](https://mainnet.frax.com/tools/bridge/deposit).

<figure><img src="/files/aEQQD9RVNLQ7uRgrzgtX" alt=""><figcaption></figcaption></figure>

**Step 2:** Navigate [here](https://frax.convexfinance.com/stake) and click “**FPIS migration**” as seen in the image below. Then connect your wallet and be sure to switch to the "**Fraxtal**" network by clicking on the “**Change Network**” button on the same page.

<figure><img src="/files/XVN8AZ7CUk0FANGissqp" alt=""><figcaption></figcaption></figure>

**Step 3:** Once the network is switched to Fraxtal, enter the amount of **FPIS** or **cvxFPIS** in the input box, then click “**Approve**” and then “**Migrate**” using the buttons on this page as seen below.

<figure><img src="/files/Dax8HPiayv94zt7FBjlY" alt=""><figcaption></figcaption></figure>

**Step 4:** Token conversion should be completed, and you should now have 1 **cvxFXS** for every 3 **cvxFPIS** tokens you submitted, or 1 **cvxFXS** for every 3 **FPIS** tokens. After migrating, you can now stake your **cvxFXS** on Fraxtal to earn Frax yield.

To stake your **cvxFXS** on Fraxtal, navigate to this [page](https://frax.convexfinance.com/stake) again, click “**cvxFXS,**” then click “**Advanced**,” enter the amount you want to stake in the highlighted input box, click “**Approve**,” then “**Stake**.”

<figure><img src="/files/CiCFqhZyOQSKCuBlGPK8" alt=""><figcaption></figcaption></figure>


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