Summary: Create new markets on Arbitrum to allow for FXS deposits (call pool) and Dai deposits (put pool).
FXS has a Chainlink price feeds on eth mainet and arbitrum https://data.chain.link/ethereum/mainnet/crypto-usd/fxs-usd https://data.chain.link/arbitrum/mainnet/crypto-usd/fxs-usd
Pros : -Frax wars is a hot topic on defi right now those warriors need a way to hedge their bag -Frax has 0 option market right now Premia will be the first one -Frax community is big and quite active on twitter/telegram it will increase Premia exposure