[Frax] [FIP - 167] Add L2D4 Gauge

Author:

Ov3rkoalafied

SUMMARY:

Deploy an FXS gauge for the Saddle L2D4 pool (FRAX, USDs, USX, alUSD pool on Arbitrum), which will be co-incentivized by Sperax, dForce, Alchemix, L2DAO, and Saddle.

Saddle pool address: L2D4

BACKGROUND AND MOTIVATION:

The current stablecoin market is dominated by three major players: USDC, USDT, DAI.

While these coins have proven to be mostly reliable in terms of stability and usecase, they also come with certain limitations and risks.

L2D4 intends to offer a focused alternative to the standard, act as a catalyst for rebalancing the markets in favour of less centralised offering, and offer direct swap paths through aligned protocol stablecoins/stablecoin derivatives.

With bribe proposals passed by the constituent protocols, and additional bribes coming from both Layer2DAO and Saddle, establishing a gauge for the pool would represent a massive opportunity to break into Arbitrum for veFXS hodlers-- allowing them to acquire 6 governance tokens and a major footing in the ecosystem in exchange for their votes.

VOTING:

• For: Deploy an FXS gauge for Saddle's L2D4 LP token
• Against: Do nothing.