Authors
Frax Finance Core Team
Summary:
This proposal seeks governance approval to whitelist FXBs (Frax Bond Tokens) in the Frax Curve Automated Market Operator (AMO) with a maximum allocation cap of 5 million FRAX per FXB, aiming to diversify Curve AMO strategies and enhance yield opportunities.
Background and Motivation
FXBs, as new products in the Frax ecosystem, are unique utility tokens that convert to FRAX stablecoins at a set maturity date. These trustless, zero-coupon bond-like tokens are entirely backed by FRAX, providing a yield curve and pricing the time value of lending FRAX back to the protocol. By including FXBs in the Frax Curve AMO, we aim to diversify Curve AMO strategies and support the adoption and growth of this innovative product. This integration aligns with our commitment to fostering a robust and versatile DeFi ecosystem.
Proposal Details:
FXB Documentation: https://docs.frax.finance/frax-v3/fxbs
FXB-related addresses:
FXB Factory: 0x7a07D606c87b7251c2953A30Fa445d8c5F856C7A
Voting:
- For: Whitelisting FXBs for Frax Curve AMO with max allocation cap of 5 million FRAX per FXB
- Against: Do nothing
Off-Chain Vote
Timeline
Jan 08, 2024Proposal created
Jan 08, 2024Proposal vote started
Jan 13, 2024Proposal vote ended
Mar 02, 2026Proposal updated