Quorum: 7.71m CVX

Authors

Frax Core Team

Summary

Proposal to add the following pool to the FXS gauge controller:

frxETH-ankrETH Curve Pool

Pool: 0x41ea4045de2676727883aa0b4e43d7e32261f559 Token: 0xa8e14f03124ea156a4fc416537c82ff91a647d50 Gauge: 0x86f8d7ced9a8f5563c1198466968b02238e05917

Background and Motivation

Building on the momentum of FIP - 229, which extended FXS gauge eligibility to pools and vaults with frxETH, we now have an opportunity to stimulate further growth of frxETH.

This initiative is a strategic element of our growth plan for frxETH. By leveraging Convex's proficiency in enhancing yield for Curve LP positions, we seek to stimulate more substantial growth and adoption of frxETH. The inclusion of these pools not only augments the utility of frxETH but also brings diversification and resilience to our strategy.

Vote

• For: Add the mentioned frxETH Curve pool to FXS gauge controller
• Against: Do nothing