[FIP - 446] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP

Author: Dogw00d

This FIP is to pass an early withdrawal of the Convex pools stkcvxSTGFRAXBP and stkcvxCOILFRAXBP. Since December 2025 the rewards per period have been near zero with pools no longer serving the long term functionality of Frax.

Explanation

These pools per the roadmap of FRAX will continue to loose incentives. This does not serve the interest of the FRAX team and neither the investors who are considering reallocating to the proper mapping which will help boost FRAX's incentives.

Not only are these pools using LFRAX but there are no FXTL point incentives for providing liquidity into these pools. There is a problem with keeping funds in these pools as it doesn't give momentum towards the promises yet to be delivered from FIP 428.

A small resolution to the more broad picture is to allow for early FRAX investors to withdraw funds from these pools to reallocate into frxUSD for the purpose of benefitting investors and the FRAX team from this action.

Proposal Details

• Early withdraw of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP
• Reallocate into FRAX's new token
• 4% Early withdraw fee

Voting

• For: Take action as described
• Against: Do nothing