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Stake DAOStake DAOby0xF4fD07eB3Dbd55C12FB75D0EBf5F6A2888f418410xF4fD…1841

SDIR-15 | Add SDT gauges for FRAX BP Strategies

Voting ended over 3 years agoSucceeded

Project presentation: Protocol name: Frax Twitter: www.twitter.com/fraxfinance Website : www.frax.finance

Summary: Propose to add the ALUSDFRAXBP, TUSDFRAXBP, GUSDFRAXBP, LUSDFRAXBP strategies to SDT gauge to boost the strategy’s APR with SDT.

Rationale: Frax is the leading algo stablecoin solution - providing a simple and secure way to earn interest on your digital assets. By using Frax your stables remain stables and can be used across a range of DeFi applications, earning extra yield.

The strategies are currently underused against others where SDT can be accumulated for veSDT power. Adding SDT incentives is the natural step to align long-term Stake DAO community members and boost DAO earnings over time.

Means: Human resources: Minimal developer time needed Treasury resources: No treasury resources needed

Technical Implementation: Add gauges for:

ALUSDFRAXBP TUSDFRAXBP GUSDFRAXBP LUSDFRAXBP USDDFRAXBP SUSDFRAXBP

Proposal specifications: Admin: veSDT holders Community feedback: 2 days minimum Voting Duration: 3 days

(you won’t pay gas to vote, it is a gasless signature)

Off-Chain Vote

Yes, accept the proposal
56.66K veSDT89.9%
No, reject the proposal
0 veSDT0%
Abstain
6.4K veSDT10.1%
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Discussion

Stake DAOSDIR-15 | Add SDT gauges for FRAX BP Strategies

Timeline

Aug 08, 2022Proposal created
Aug 08, 2022Proposal vote started
Aug 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated