Quorum: 7.19m CVX

Author

Sam Kazemian

Summary

Deploy an FXS gauge for Convex wrapped position of frxETH-ETH Curve pool LP.

Curve pool address: https://etherscan.io/address/0xa1F8A6807c402E4A15ef4EBa36528A3FED24E577

Background and Motivation

The time has finally come for the release of frxETH and the Curve pool that will become the main source of liquidity for frxETH<>ETH swaps until withdrawals are open.

This proposal is noteworthy because it is the first proposal for a gauge that does not include the FRAX stablecoin. The requirement of FRAX needing to be in the deposit position of a gauge has been in effect since day 1. However, this proposal seeks to create the first exemption by proposing to have a gauge of frxETH-ETH LP as the ultimate deposit asset. I think this is a good use case of FXS emissions in the gauges and worthy of being the only exception in the Frax gauge system. The frxETH liquid staking system will be a cornerstone of the greater Frax economy and an important piece of financial infrastructure deserving of FXS emissions.

Voting

• For: Deploy a FXS gauge for stkcvxfrxETH-ETH Curve LP
• Against: Do nothing.