[FIP - 123] Introduce 20% [RageQuit] function for TEMPLE/FRAX gauge

Author:

FraxiG

Proposal

I'd like to propose the introduction of a [Ragequit] function for pools that pose no existential threat to Frax, if they were to unlock.

With some older pools having either dropped significantly in APY or the assets in the LP having become increasingly risky to hold, we're seeing an increasing number of people asking for unlocks or some way to get out of these "dead" and/or "risky" gauges.

The recent controversial discussions around the Temple/Frax LP pool being a perfect example. People have reached out to Temple team to figure out a solution. Temple currently came up with a migration of the LP's resulting in Temple taking over the locked LP's at a significant discount. This means value from Fraximalists flows to Temple treasury.

As long as those LP's stay locked the value doesn't necessarily leave the Frax ecosystem, however, if Temple ever decides to go for a Token swap this would warrant an unlock of the LP's and Temple can from that moment run off with the value extracted from the Frax eco.

This got me to thinking if there is not a better way to recycle this value and keep it in the Frax Eco. If we introduce an option for people to unlock their LP's, but make it so that unlocking incurs a cost (%slash) of said LP which ends up in the hands of Frax treasury, this could present a nice additional revenue source for the Frax Protocol. We could redistribute this value to veFXS holders to increase APR or whatever people can come up with, this can be discussed later.

This way instead of losing the value to the Temple treasury (for the example situation above), Frax could actually profit from it and increase their own.

If we could come up with a reasonable % for the slash I believe this could become a very useful function in which both The Unlockers and Frax Protocol "win". I do want to stress that this function, if introduced, should only be available for pools that are of either low TVL or have no significant risk to the protocol attached to it by unlocking.

Starting with a 20% fee on the temple/frax LP will be a good exercise to see how feasible it is.

Voting

• FOR: implement ragequit function for Temple/FRAX gauge (20% fee)
• AGAINST: Do Nothing