[FIP - 404] Create new wBTC/sFRAX Fraxlend Pair

Authors: Michael Henry

Summary: Propose the creation of a new Fraxlend pair on the Ethereum Mainnet: wBTC/sFRAX

Details:

• Fraxlend Pair Name 1: wBTC/sFRAX
• Chain: Ethereum Mainnet
• Max Loan-to-Value (LTV): 75%

Background and Motivation: My sfrxETH proposal laid out why I think we should offer a multitude of sFRAX lending pairs: https://gov.frax.finance/t/fip-xxx-create-new-sfrxeth-sfrax-fraxlend-pair/3263

Liquidity Profile: The Max LTV is identical to that of the wBTC pool which is one of the largest Fraxlend pools, so that shouldn’t be a concern.

Curve Details: Identical curve to sfrxETH/sFRAX Fraxlend Pair

Voting:

• For: Approve the creation of the wBTC/sFRAX Fraxlend pair on Ethereum Mainnet with the specified curve, and max LTV
• Against: Do not approve the creation of the new Fraxlend pair.