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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[Frax] [FIP - 148] Add OHM/FraxBP gauge to the gauge controller

Voting ended over 3 years agoSucceeded

Quorum: 7.42m CVX

Author

Balotelli45

Summary

Deploy an FXS gauge for Convex wrapped position of OHM-FRAXBP Curve Pool LP .

Curve Pool Address: https://etherscan.io/address/0xfc1e8bf3e81383ef07be24c3fd146745719de48d

Motivation

OlympusDAO has recently been in discussions with Frax Finance team which led to the conclusion that the migration of the Fraxswap OHM-Frax pool to an OHM-FraxBP Curve pool would be beneficial to both protocols. Indeed, we believe the combination of Olympus Treasury governance power over the Curve-Convex & Frax ecosystems as well as the FraxBP incentives program, will help make this pool attractive for external liquidity providers, deepening liquidity for both OHM & Frax as a result.

Voting Instructions

For: Add gauge Against: Do nothing

Off-Chain Vote

For
7.67M CVX100%
Against
0 CVX0%
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Timeline

Dec 19, 2022Proposal created
Dec 19, 2022Proposal vote started
Dec 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated