FRAX Asset Acquisition Monthly Vote.

please see this thread here > https://gov.frax.finance/t/frax-asset-acquisition-fund/722

We just voted to buy another $2m of TEMPLE to add to our current TEMPLE position and I feel this may indicate that we (The people of FRAX) are looking to add to our current Protocol assets, so i would like to propose the following as a 3 month trial.

We allocate $2m per month to add to our current protocol assets with the following rules.

1, we vote once each month on what to buy. 2, we only list assets that the FRAX protocol already holds in the vote. 3, when an asset wins a vote they are not included in vote for the following month. 4, The option to “do nothing” must be included in each vote. 5, The option to let the FRAX committee choose what to buy must be included in every vote.

** if the FRAX committee wins the vote the committee can spend the $2m on ANY coin / token that they feel will be good for FRAX (even if we dont currently hold it)

The vote will be put up on the 1st of each month (starting in march) and voting will last 5 days. Once voting is complete the team have the rest of the month to complete the purchase

I see this as a good way to add to our holdings, increase the power of FXS and veFXS voting and give smaller FXS holders a chance to be included (as voting is free). It also gives more value to having a FRAX partnership or DAO-DAO swap as it would then mean the other protocol will be added to the monthly asset Acquisition vote.

The more value FXS controls the more value the FXS is worth , right now it controls the FRAX emissions, with this in place it could also control a small amount of the protocol's operating profits too.

FOR = make it happen

AGAINST = do nothing