FIP - 41 FRAX <> PrometheusDAO Partnership

Original forum discussion: https://gov.frax.finance/t/fip-41-frax-prometheusdao-partnership/553

Summary PrometheusDAO is an Olympus inspired reserve currency project on Polygon with unique features (NFTs and P2E MMORPG) to be integrated with the protocol. PrometheusDAO would like to use FRAX-PRM bonds to grow protocol controlled liquidity in Frax.

Why Frax? There is no shortage of reasons why Frax is the top choice, with Frax offering more than just a stable coin.

Frax will enable us to provide lending and borrowing features directly to PrometheusDAO (just as MIM is to TIME, Frax will allow us to do the same). Frax is very familiar with the space, already having a pair with OlympusDAO and many others, and now joining forces with PrometheusDAO to provide Frax development on Polygon. Frax embodies the community and collaborative spirit in ways few other projects do. This is the type of culture we at PrometheusDAO strive to become as well. Having had conversations with Sam Kazemian directly, he was incredibly welcoming of the prospect of partnership and collaboration, despite us being a project in our early stages. As a result, we have deepened our respect for Sam’s commitment to furthering the space, being a mentor and a long-term partner. We are truly excited to cultivate a beneficial relationship based on trust, innovation and an unwavering dedication to our respective long-term goals.

Government Proposal

For: Approve Bond Partnership

Against: Do nothing