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Bent FinanceBent Financeby0x8200d84590eCeb10C6471268930e2924F34e3D69bentvote.eth

[Frax] [FIP - 260] Implement FRAX/DAI Gelato Uniswap pool ragequit function with 20% fee

Voting ended almost 3 years agoSucceeded

Quorum: 7.82m CVX

Author: Jubi

I propose the implementation of a 20% ragequit function (similar to FIP -196) for the FRAX/DAI Gelato Uniswap Pool to address the needs of community members who wish to re-allocate their capital.

Implementing such a function represents a negligible risk to the protocol as the pool barely has any trading volume since May 2022. Furthermore, the TVL of the pool has only decreased since April 2022, leaving the pool currently at ~$2.9M TVL. Both facts highlight that the pool has had minimal adoption, making it an ineffective and non-productive way to direct capital.

With a 20% ragequit fee, community members will be allowed to exit their position and direct their capital to more productive avenues.

Additional Information It is important to note that the Gelato network no longer looks after G-UNI pools as it was spun out into Arrakis Finance. There have also never been additional incentives for the gauge from Gelato's side.

Vote:

  • For: Implement the ragequit function for the FRAX/DAI Gelato LP pool with a 20% fee.
  • Against: Do nothing

Off-Chain Vote

For
59.97K weBENT100%
Against
0 weBENT0%
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Timeline

Jul 06, 2023Proposal created
Jul 06, 2023Proposal vote started
Jul 09, 2023Proposal vote ended
Mar 22, 2024Proposal updated