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FraxFraxby0x4cE17aE9FB4Aa0178ec2f8eeA3f6167ae511f14C0x4cE1…f14C

Whitelist STAX Finance to Stake veFXS

Voting ended almost 4 years agoSucceeded

For more information about this proposal, please see the full discussion here:

https://gov.frax.finance/t/fip-53-whitelist-stax-finance-to-stake-vefxs/1185

Proposal

TempleDAO made its name as an early backer of Frax Finance by conducting its presale exclusively with FRAX, and became a top FRAX holder with one of the largest FRAX reserves ($137M). Recently we have also started bribing on the Pitch.money platform to further evangelise the FRAX ecosystem. Now we plan to double down on our commitment by launching STAX Finance, which will enable users to easily zap into the TEMPLE/FRAX LP pair, TEMPLE vault strategies, and partake in other FRAX gauge yields in the future. By building a user-friendly interface to automate FRAX investments for investors to receive FXS yields and bribes from existing platforms such as Hidden Hands and Pitch, STAX aims to become the best place to stake into Frax gauges.

Since STAX lowers the barrier to gaining exposure to the Frax ecosystem while facilitating the accumulation and removal of FXS from circulation to drive demand, this deepening of our existing partnership would be a win-win for both protocols.

Off-Chain Vote

Add STAX to veFXS whitelist
9.69M FXS27.4%
Do Nothing
25.71M FXS72.6%
Quorum:493%
Download mobile app to vote

Timeline

Apr 18, 2022Proposal created
Apr 18, 2022Proposal vote started
Apr 21, 2022Proposal vote ended
Oct 26, 2023Proposal updated