Authors Jason Huan, Sam Kazemian
Summary: The 2nd Tokemak C.o.R.E. vote is active with 48 hours left to vote for the next five Tokemak reactors. We propose to bribe $150k worth of FXS from the community allocation at comptroller discretion to help fund a TEMPLE reactor for TempleDAO on Tokemak.
Background & Motivation: Tokemak's C.o.R.E. competition allows TOKE holders to vote on which reactors are added next to the platform. A Tokemak reactor takes in the specified token ($TEMPLE in this case) and matches it again $TOKE. Both sides are open to deposits by the public, so anyone is able to get yield from the reactor by depositing either token. The reactors are controlled by "Liquidity Directors", which are responsible for deploying the asset and earning yield, which goes back to the depositors.
We propose supporting TempleDAO's choice to intake $FRAX by helping them out in the current reactor vote, as well as establishing a step towards future collaboration.
Note that since the C.o.R.E. vote ends in 48 hours, this is a shortened snapshot vote of 24 hours to allow for the circumstances.
For: Approve allocation Against: Do nothing