Quorum: 7.71m CVX

Authors

Frax Core Team

Summary

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

frxETH-CVX Curve Pool

Pool: 0x47d5e1679fe5f0d9f0a657c6715924e33ce05093 Token: 0x6e52cce4eafdf77091dd1c82183b2d97b776b397 Gauge: 0xc2075702490f0426e84e00d8b328119027813ac5

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