[Frax] [FIP - 175] Implement FRAX/mUSD pool ragequit function

Quorum: 7.85m CVX

Author:

WhiteWidow

Proposal

I propose the implementation of a ragequit function, similar to [FIP-123], to address the needs of community members who wish to re-allocate their capital. This ragequit function would provide community members with more flexibility and freedom in managing their capital, while also ensuring that the underlying protocol is not effected with significant risk and also makes a profit if this proposal passes.

As pointed out by the community members, the FRAX/mUSD liquidity pool has seen minimal adoption with FRAX transaction volume since existence, making it an ineffective and non-productive way to direct capital towards.

The proposed solution is a ragequit function that would allow community members to exit their positions in the FRAX/mUSD liquidity pool with a 10% slash.

Additional information

It is worth mentioning that the mStable project is facing challenges such as difficulty in raising capital, limited funds, and market strategy issues, additionally, the project has stopped directing any MTA rewards to this pool.

Vote

• For: implement ragequit function for FRAX/mUSD gauge (10% fee)
• Against: Do Nothing