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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[Frax] [FIP - 345] Add a new market into Fraxlend on Ethereum (rsETH/frxETH)

Voting ended almost 2 years agoSucceeded

Quorum: 8.61m CVX

Author

Frax Core Team

Summery

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

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

Background and Motivation

The proposal seeks to introduce new markets into Fraxlend on Ethereum, 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 Against: Do nothing

Off-Chain Vote

For
8.52M CVX100%
Against
0 CVX0%
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Timeline

Apr 01, 2024Proposal created
Apr 01, 2024Proposal vote started
Apr 04, 2024Proposal vote ended
Apr 04, 2024Proposal updated