[Frax] FIP 96 - FRAX-SDL Fraxswap Gauge

Quorum: 6.96m CVX

Author

Sam Kazemian

Summary

Deploy a FRAX-SDL Fraxswap gauge to the gauge controller.

Background and Motivation

Saddle.finance is a solidity implementation stableswap DEX similar to Curve. Saddle has launched many of their base pools with FRAX included as the stablecoin. They have also launched a Saddle version of FRAXBP on their Ethereum pools with plans to expand this offering. FRAX has also deployed a significant amount of POL to these pools to earn SDL and become the base routing liquidity+lock veSDL.

Currently Saddle has only an ETH-SDL Sushiswap pool for their governance token. It would be a great idea to deploy a FRAX-SDL Fraxswap pool+gauge for Saddle to capture a majority of the SDL trading and allow Saddle to create pitch/bribe incentives for gauge voters.

PROPOSAL

• For: Deploy a FRAX-SDL Fraxswap gauge to the gauge controller.

• Against: Do nothing