[Frax] [FIP - 318] Whitelisting FXBs for Frax Curve AMO

Quorum: 8.38m CVX

Authors

Frax Finance Core Team

Summary:

This proposal seeks governance approval to whitelist FXBs (Frax Bond Tokens) in the Frax Curve Automated Market Operator (AMO) with a maximum allocation cap of 5 million FRAX per FXB, aiming to diversify Curve AMO strategies and enhance yield opportunities.

Background and Motivation

FXBs, as new products in the Frax ecosystem, are unique utility tokens that convert to FRAX stablecoins at a set maturity date. These trustless, zero-coupon bond-like tokens are entirely backed by FRAX, providing a yield curve and pricing the time value of lending FRAX back to the protocol. By including FXBs in the Frax Curve AMO, we aim to diversify Curve AMO strategies and support the adoption and growth of this innovative product. This integration aligns with our commitment to fostering a robust and versatile DeFi ecosystem.

Proposal Details:

FXB Documentation: https://docs.frax.finance/frax-v3/fxbs

FXB-related addresses:

FXB Factory: 0x7a07D606c87b7251c2953A30Fa445d8c5F856C7A

Voting:

• For: Whitelisting FXBs for Frax Curve AMO with max allocation cap of 5 million FRAX per FXB
• Against: Do nothing