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TRC-86: Enable a FRAX/FPI gauge on Arbitrum with 5% cap

Voting ended over 2 years agoSucceeded

In line with TRC 67 stipulations, a gauge was previously granted for an FPI/FRAX pair on the Bunni platform. It has come to our attention that the FPI token utilized in the initial proposal was not the desired version. Please be assured that holding this version of the FPI token does not involve any fraudulent activity; however, it is not the preferred variant of the $FPI.

To rectify this, we are proposing the initiation of a new gauge that features a 5% cap, designated for the preferred version of the FPI, which can be identified with the contract address: 0x1B01514A2B3CdEf16fD3c680a818A0Ab97Da8a09.

For the acquisition of the appropriate FPI token, users will need to engage the Frax Ferry service and facilitate liquidity bridging through this channel. It should be noted that the liquidity for the previously indicated FPI token was relatively scarce on Arbitrum.

In case users encounter difficulties while attempting to withdraw from this position, utilizing the Main Arbitrum Bridge to transfer it back to the mainnet is advised, where liquidity is anticipated to be more accessible.

Off-Chain Vote

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1.69M veLIT100%
Against
0 veLIT0%
Quorum:114%
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Discussion

TimelessTRC-86: Enable a FRAX/FPI gauge on Arbitrum with 5% cap

Timeline

Sep 25, 2023Proposal created
Sep 25, 2023Proposal vote started
Sep 28, 2023Proposal vote ended
Oct 26, 2023Proposal updated