Authors

Frax Core Team

Summary

Proposal to add the following pool to the FXS gauge controller:

frxETH-alETH Curve Pool

Pool/Token: 0xb657b895b265c38c53fff00166cf7f6a3c70587d Gauge: 0x415f30505368fa1db82feea02eb778be04e75907

Background and Motivation

Building on the momentum of FIP - 229, which extended FXS gauge eligibility to pools and vaults with frxETH, we now have an opportunity to stimulate further growth of frxETH.

This initiative is a strategic element of our growth plan for frxETH. By leveraging Convex's proficiency in enhancing yield for Curve LP positions, we seek to stimulate more substantial growth and adoption of frxETH. The inclusion of these pools not only augments the utility of frxETH but also brings diversification and resilience to our strategy.

Vote

• For: Add the mentioned frxETH Curve pool to FXS gauge controller
• Against: Do nothing