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FraxFraxby0xc3d6f21c79C2567A1858d8b93a4EDBD9dB399d9dnader

[FIP - 110] Add FraxBP metapool gauges

Voting ended over 3 years agoSucceeded

Author

C2tP (Convex Finance)

Proposal

Background & Motivation

Continuing the push to incentivize FraxBP pools, this proposal will add gauges for Convex wrapped positions of the following pools. (Similar to FIP 97 - Initial FRAXBP Metapool Gauges)

Abstract

Add a FXS gauge for the following Convex pools:

dola/FraxBP alcx/FraxBP cvx/FraxBP cvxcrv/FraxBP cvxfxs/FraxBP agEur/FraxBP crvUSD/FraxBP (Curve's new stable coin)

The staking token is a wrapped Convex staking position represented by an erc-20 that receives CRV and CVX rewards. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.

The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at https://github.com/convex-eth/platform/blob/main/contracts/contracts/wrappers/ConvexStakingWrapperFrax.sol

note 1: agEur has already passed in FIP 107, but this is to further define that the gauge passed in FIP107 will be a wrapped Convex position.

note 2: the curve stable coin at the time of this writing has not been deployed yet, however this proposal authorizes the creation of a gauge after such deployment and addition to Curve's gauge controller.

Voting

  • For: Add the listed pools to FXS gauge controller as staked Convex positions
  • Against: Do nothing.

Off-Chain Vote

For
41.72M FXS100%
Against
6.29K FXS0%
Quorum:581%
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Discussion

Frax [FIP - 110] Add FraxBP metapool gauges

Timeline

Sep 11, 2022Proposal created
Sep 11, 2022Proposal vote started
Sep 16, 2022Proposal vote ended
Mar 02, 2026Proposal updated