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FraxFraxby0xc3d6f21c79C2567A1858d8b93a4EDBD9dB399d9dnader

[FIP - 197] Add frxETH/WETH (Polygon) to the FXS gauge controller

Voting ended about 3 years agoSucceeded

Author:

Jack Melnick (@jackmelnick_ / Polygon)

Background & Motivation:

Diversification of frxETH liquidity outside Ethereum.

Summary:

Balancer is becoming a leader in LSD pools across all networks, with staked assets as a key focus, and is hence a natural choice to create a liquidity sink for frxETH on Polygon. By diversifying frxETH liquidity beyond Ethereum, it allows the wider DeFi community to gain access to the Frax ecosystem.

About the pool:

This pool uses Balancer’s stable pool factory and contains FRAX’s wrapped ethereum token,Frax eth (frxETH) bridged via Frax Ferry and WETH.

Contracts:

Balancer Pool: 0x5DEe84FfA2DC27419Ba7b3419d7146E53e4F7dEd

Balancer Gauge: 0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189

Voting:

For: Add frxETH/WETH (Polygon) to the FXS gauge controller

Against: Do nothing.

Off-Chain Vote

For
11.72M FXS100%
Against
0 FXS0%
Quorum:163%
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Discussion

Frax[FIP - 197] Add frxETH/WETH (Polygon) to the FXS gauge controller

Timeline

Feb 28, 2023Proposal created
Feb 28, 2023Proposal vote started
Mar 05, 2023Proposal vote ended
Mar 02, 2026Proposal updated