Jack Melnick (@jackmelnick_ / Polygon)
Diversification of frxETH liquidity outside Ethereum.
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.
This pool uses Balancer’s stable pool factory and contains FRAX’s wrapped ethereum token,Frax eth (frxETH) bridged via Frax Ferry and WETH.
Balancer Pool: 0x5DEe84FfA2DC27419Ba7b3419d7146E53e4F7dEd
Balancer Gauge: 0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189
For: Add frxETH/WETH (Polygon) to the FXS gauge controller
Against: Do nothing.