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FraxFraxby0x01E6b50557eF1a2ca58A621998aCe3f278E808B8tongnk.eth

Frax x Perp Pt 2

Voting ended almost 4 years agoSucceeded

For further details and to view discussion so far please visit the forums here: https://gov.frax.finance/t/frax-x-perp-partnership-pt-2/1142?u=tongnk

This is the second part to the partnership and at a high level we are proposing:

  • Token swap of 2M USD value between PERP <> FXS using 30d TWAP
  • Frax will lockup PERP to redirect more rewards for LPs that use FRAX as collateral. Perp will use the FXS to incentivise usage of FRAX as collateral on Perp OR lockup to veFXS and participate in the gauge
  • Whitelist Perp for gauge contracts
  • Additionally authorise a 8M USD value if the TVL of FRAX in the Perp clearing house to be >5M AND weekly volume facilitated by FRAX collateral is >100M

Off-Chain Vote

For
32.79M FXS100%
Against
3.57K FXS0%
Quorum:457%
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Timeline

Apr 12, 2022Proposal created
Apr 12, 2022Proposal vote started
Apr 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated