[Frax] FIP 90 - Add FRAX/USDC Curve pool as a Convex position to the Gauge Controller

Quorum: 7.86m CVX

Author C2tP (Convex Finance)

Summary

Add the new FRAX/USDC Curve pool as a wrapped Convex staking position to the Gauge Controller to increase liquidity via CRV, CVX, and FXS rewards.

Background & Motivation

With the recent deployment of the FraxBP (Frax/Usdc) pool, we should look at adding FXS incentives on top of the CRV and CVX rewards that the pool will receive.

Much like FIP-57(Frax/Fip gauge) we can use a wrapped staking position on Convex to create an erc20 token that receives CRV and CVX. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.

The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at https://github.com/convex-eth/platform/tree/main/contracts/contracts/wrappers

Poll

• For: Create a wrapped Convex position for the FRAX/USDC pool and add it to the Frax Finance Gauge Controller.

• Against: Do nothing.