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FraxFraxby0xc3d6f21c79C2567A1858d8b93a4EDBD9dB399d9dnader

[FIP - 294] Add pETH-frxETH to FXS Gauge Controller

Voting ended over 2 years agoSucceeded

Summary:

Curve Pool Address: https://curve.fi/#/ethereum/pools/factory-v2-360/swap Pool / Token: 0x320b564fb9cf36933ec507a846ce230008631fd3 Gauge: 0x57e1947e1134f6e733a4a694de6a163ef23edf54 Documentation: Introduction - About the JPEG'd lending protocol

Background:

JPEG'd is a decentralized lending protocol that issues Ether/Stablecoin derivatives backed by NFTs as collateral. All debt is fully collateralized, and underwritten by the full backing of the JPEG'd Treasury.

pETH is an ETH-pegged stablecoin that is loaned as debt to be repaid against NFT collateral. Our pETH-frxETH pool provide liquidity to the frxETH pools on Curve.

Motivation:

JPEG'd is a regular customer of Frax through FRAXBPpUSD, and would like to stake more of our liquidity on Frax for the mutual benefit of both DAOs.

Voting:

  • For: Add the pETH-frxETH pool to the FXS gauge controller
  • Against: There can be no victory against Frax

Off-Chain Vote

For
33.3M FXS100%
Against
0.5 FXS0%
Quorum:464%
Download mobile app to vote

Discussion

Frax[FIP - 294] Add pETH-frxETH to FXS Gauge Controller

Timeline

Oct 25, 2023Proposal created
Oct 25, 2023Proposal vote started
Oct 30, 2023Proposal vote ended
Mar 02, 2026Proposal updated