Authors
C2tP (Convex Finance)
Sam (Frax Finance)
Proposal
Background & Motivation
Now that the FraxBP is live, protocols should feel welcomed to make metapools. Alongside incentives outlined in FIP-95, FraxBP metapools should, on top of their respective CRV gauges, also receive FXS gauges to further incentivize migration to the FraxBP family.
Abstract
As with previous FIPs 90 and 57, we propose that the following Curve pools receive a Convex wrapped position FXS gauge.
- sUSDFRAXBP
- USDDFRAXBP
- GUSDFRAXBP
- TUSDFRAXBP
- alUSDFRAXBP
- LUSDFRAXBP
- BUSDFRAXBP
- apeUSDFRAXBP
The staking token is a wrapped Convex staking position represented by an erc-20 that receives CRV and CVX rewards. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.
The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at https://github.com/convex-eth/platform/tree/main/contracts/contracts/wrappers
Voting
- For: Add the listed pools to FXS gauge controller as staked Convex positions
- Against: Do nothing
Off-Chain Vote
Discussion
Timeline
Jul 16, 2022Proposal created
Jul 16, 2022Proposal vote started
Jul 21, 2022Proposal vote ended
Mar 02, 2026Proposal updated