Activate Uni v3 AMO

Author:

Jason Huan

Summary:

Activate the Uni v3 AMO (source code) which allows for the protocol to deposit idle collateral and mint new FRAX to act as an LP in any Uni v3 pool.

Background & Motivation:

The Uni v3 AMO allows for the Frax protocol to deposit collateral held in the Frax Pool and mint new FRAX alongside it to enter any FRAX-paired Uni v3 pool.

Uniswap v3's range orders give LPs the ability to earn fees for trades inside of arbitrarily tight price ranges, allowing the AMO to generate passive income for excess collateral held inside the Frax Pools not already deployed.

The AMO will initially start with FRAX-USDC on Uni v3, with the comptrollers reserving the right to swap for and enter different FRAX Uni v3 stablecoin pairs using the collateral. The AMO has the functional ability to enter and exit any number of Uni v3 positions.

For: Activate Uni v3 AMO

Against: Do nothing