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FraxFraxby0xc3d6f21c79C2567A1858d8b93a4EDBD9dB399d9dnader

[FIP107] Redeploy imbalanced agEUR/Frax gauge as agEUR/FraxBP metapool

Voting ended over 3 years agoSucceeded

Author:

FraxiG

Proposal:

Due to the recent downfall of the EURO against the USD, the agEUR/Frax LP has become severely imbalanced. As of this writing the pool consists of 99%+ agEUR. This means that in the current state the pool is a net loss to the protocol as it currently provides near to no liquidity for FRAX whilst still earning emissions from the gauge votes.

I propose that we deprecate/unlock the current gauge LP and redeploy it with updated ranges as a agEUR/FraxBP v2 metapool.

Doing this would reestablish liquidity between agEUR and FRAX and will also result in an increase of the FRAX supply.

Poll:

  • For: Deprecate/unlock the agEUR/Frax gauge and add a gauge for agEUR/FraxBP v2 metapool.
  • Against: Do nothing.

Off-Chain Vote

For
28.72M FXS100%
Against
0.1 FXS0%
Quorum:400%
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Discussion

Frax [FIP107] Redeploy imbalanced agEUR/Frax gauge as agEUR/FraxBP metapool

Timeline

Aug 29, 2022Proposal created
Aug 29, 2022Proposal vote started
Sep 03, 2022Proposal vote ended
Nov 21, 2025Proposal updated