FIP 91 - Set gauge max lock limit to 1 year and 2x time boost

Author C2tP (Convex Finance)

Summary

Set new FXS gauge pools to a 1-year max lock limit with a max 2x time boost.

Background & Motivation

There have been recent discussions on how long the time lock for pools should be. Three years can be too long and discourage people to do the full lock. A reduction to one year would encourage a higher average lock term. Sam of the Frax team believes their modeling shows a one-year time limit with a max 2x time boost to be the most efficient.

Older pools are immutable and can not be changed. This would require migration if we want to change their time lock mechanics. This proposal, however, is for future gauges only and migrations will need to be dealt with in a different proposal

Poll

• For: Define new FXS gauge pools to use a 1-year max lock limit with a 2x max time boost.
• Against: Do nothing.