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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[Frax] [FIP - 296] Deploy Fraxferry for sFRAX ( Optimism )

Voting ended over 2 years agoSucceeded

Quorum: 7.64m CVX

Authors

Frax Core Team

Summary

Deploy a Fraxferry for sFRAX between Ethereum Mainnet and Optimism, with the following details:

Parameter Value
Ethereum Token address 0xA663B02CF0a4b149d2aD41910CB81e23e1c41c32 (sFRAX)
Optimism Token address TBD
MIN_WAIT_PERIOD_ADD 1 hour
MIN_WAIT_PERIOD_EXECUTE 23 hours

Background and Motivation

Fraxferry aims to simplify the cross-chain bridging issue for assets, making it easier to deploy Frax-related tokens on other chains. Fraxferry is a slower, simpler, but more secure method of bridging tokens. And you can read more about it here .

Proposal

  • For: Deploy a Fraxferry for sFRAX between Ethereum Mainnet and Optimism
  • Against: Do nothing.

Off-Chain Vote

For
7.88M CVX100%
Against
0 CVX0%
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Timeline

Nov 13, 2023Proposal created
Nov 13, 2023Proposal vote started
Nov 16, 2023Proposal vote ended
Nov 16, 2023Proposal updated