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Hermes ProtocolHermes Protocolby0xc1DaC41a18e8262eDb5e8D0ade4B1B2aa2260c4F0xc1Da…0c4F

[HIP-42] - Add Fraxtal sfrxETH and wfrxETH Gauges

Voting ended about 1 year agoSucceeded

Introduction

This proposal introduces the first set of gauges for the Fraxtal L2 chain. The new gauges include:

  • wfrxETH (Fraxtal) / wfrxETH (Arbitrum) 0.01% ( Min Width: 1)
  • sfrxETH (Fraxtal) / sfrxETH (Arbitrum) 0.01% ( Min Width: 1)

By deploying these gauges, we aim to integrate the Fraxtal L2 chain with our existing liquidity pools on Arbitrum. This initiative will enable efficient asset flows between Fraxtal and every Ulysses-connected chain, strengthening our overall omnichain liquidity framework.

Strategic Alignment

  • Enhancing Cross-Chain Integration: Connecting Fraxtal L2 with Arbitrum ensures that liquidity flows smoothly between the two ecosystems.
  • Future Scalability: Establishing these foundational gauges paves the way for future expansions and gauge additions, ensuring that our protocol remains agile and ready for evolving market demands.

Gauge Performance Analysis

This gauge will be our system's initial liquidity avenue to and from Fraxtal Chain.

Market Impact Analysis

In summary, the addition of the sfrxETH and wfrxETH gauges represents a crucial step forward in expanding our omnichain liquidity network. This proposal not only enhances current liquidity dynamics but also brings us closer to a new ecosystem.

Calldata:

wfrxETH 0x5d6b2a9d000000000000000000000000ef10be61038d7c4221e99c1df4bd31cc73ed4390000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000001

sfrxETH 0x5d6b2a9d000000000000000000000000c1e5c5da447d64f325337baaf3ce1fc8ffead366000000000000000000000000000000000000000000000000000000000000004000000000000000000000000000000000000000000000000000000000000000200000000000000000000000000000000000000000000000000000000000000001

Off-Chain Vote

Yay
9M bHermes-Votes100%
Nay
0 bHermes-Votes0%
Quorum:325%
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Discussion

Hermes Protocol[HIP-42] - Add Fraxtal sfrxETH and wfrxETH Gauges

Timeline

Mar 18, 2025Proposal created
Mar 18, 2025Proposal vote started
Mar 21, 2025Proposal vote ended
Mar 21, 2025Proposal updated