FIP 50 - Frax + Futureswap Revised

The original proposal is here: https://snapshot.org/#/frax.eth/proposal/0xcb2e0fcb30571d1c9e6a3b364f0b521466b229d774b31e0c2a5cb433214c7339

Summary

This is a revised proposal based on feedback from the previous poll. The Frax and Futureswap teams have been working together to enable a derivative layer on top of Frax products. This proposal authorizes a FXS <> FST swap at a 30 day TWAP. The proposal also authorizes FRAX liquidity for a FRAX/FST AMM pool. Frax is entitled to all fees generated by the AMM LP position. Additional background and motivation can be found in the previous proposal and the discussion thread.

Proposal

Approve a $1m swap up front with authorization for up to $3m total at the team’s discretion. Approve $1m FRAX up front for an AMM pool with authorization for up to $3m FRAX total at the team’s discretion. Frax is entitled to all fees generated on the AMM LP position.

For: Approve the swap and FRAX for the AMM pool

Against: Do nothing