[Frax] [FIP107] Redeploy imbalanced agEUR/Frax gauge as agEUR/FraxBP metapool

Quorum: 7.48m CVX

Author:

FraxiG

Proposal:

Due to the recent downfall of the EURO against the USD, the agEUR/Frax LP has become severely imbalanced. As of this writing the pool consists of 99%+ agEUR. This means that in the current state the pool is a net loss to the protocol as it currently provides near to no liquidity for FRAX whilst still earning emissions from the gauge votes.

I propose that we deprecate/unlock the current gauge LP and redeploy it with updated ranges as a agEUR/FraxBP v2 metapool.

Doing this would reestablish liquidity between agEUR and FRAX and will also result in an increase of the FRAX supply.

Poll:

• For: Deprecate/unlock the agEUR/Frax gauge and add a gauge for agEUR/FraxBP v2 metapool.
• Against: Do nothing.