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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[Frax] [FIP - 351] Add a new markets into Fraxlend on Ethereum & Fraxtal (rsETH/frxETH)

Voting ended almost 2 years agoSucceeded

Quorum: 8.80m CVX

Author

Frax Core Team

Summery

The proposal aims to incorporate new markets into Fraxlend on the Ethereum mainnet and Fraxtal mainnet with the following specifications:

Asset Collateral Rate Type Chain Max LTV Fraxlend Pair Address
frxETH rsETH Variable Rate V2 Ethereum & Fraxtal TBD TBD

Background and Motivation

The proposal seeks to introduce new markets into Fraxlend on Ethereum and Fraxtal, offering opportunities for borrowing/lending frxETH and using LRTs as collateral, As the Frax Finance protocol continues to evolve and expand, incorporating new markets will enhance its versatility and attract a wider user base.

Options

For: Deploy mentioned lending pair on Fraxlend in Ethereum mainnet and Fraxtal mainnet Against: Do nothing

Off-Chain Vote

For
9.77M CVX100%
Against
0 CVX0%
Download mobile app to vote

Timeline

Apr 15, 2024Proposal created
Apr 15, 2024Proposal vote started
Apr 18, 2024Proposal vote ended
Apr 18, 2024Proposal updated