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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[Frax] [FIP - 325] Add a new markets into Fraxlend on Ethereum (sFRAX/sfrxETH)

Voting ended about 2 years agoSucceeded

Quorum: 7.89m CVX

Author

Frax Core Team

Summery

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

Asset Collateral Rate Type Chain Max LTV Fraxlend Pair Address
sfrxETH sFRAX Variable Rate V2 Ethereum TBD TBD

Background and Motivation

The proposal seeks to introduce new markets into Fraxlend on Ethereum, offering opportunities for short positions with sFRAX as collateral and other assets as the lending or borrowing asset. 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 the mentioned lending pair on Fraxlend in Ethereum mainnet Against: Do nothing

Off-Chain Vote

For
9.25M CVX100%
Against
0 CVX0%
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Timeline

Jan 18, 2024Proposal created
Jan 18, 2024Proposal vote started
Jan 21, 2024Proposal vote ended
Jan 22, 2024Proposal updated