closedEnded 4 years ago · Snapshot (Offchain)
[FIP107] Redeploy imbalanced agEUR/Frax gauge as agEUR/FraxBP metapool
By 0xc3d6...399d9dContinue Reading
Author:
FraxiG
Proposal:
Due to the recent downfall of the EURO against the USD, the agEUR/Frax LP has become severely imbalanced. As of this writing the pool consists of 99%+ agEUR. This means that in the current state the pool is a net loss to the protocol as it currently provides near to no liquidity for FRAX whilst still earning emissions from the gauge votes.
I propose that we deprecate/unlock the current gauge LP and redeploy it with updated ranges as a agEUR/FraxBP v2 metapool.
Doing this would reestablish liquidity between agEUR and FRAX and will also result in an increase of the FRAX supply.
Poll:
- For: Deprecate/unlock the agEUR/Frax gauge and add a gauge for agEUR/FraxBP v2 metapool.
- Against: Do nothing.
Connect Wallet to Add Note
0Votes 33
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 26.254M | 100% for For |
 0x38F2...7cd141 | 933,812 | 100% for For |
 0x8df9...144385 | 465,363 | 100% for For |
 0x52ea...F887DC | 387,041 | 100% for For |
 0x3c28...4997A6 | 309,349 | 100% for For |
VOTE POWER
0
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Proposal Status
- Mon August 29 2022, 04:04 pmVoting Period Starts
- Sat September 03 2022, 04:04 pmEnd Voting Period
Current Results
1-For
28.722M
2-Against
0.1
Quorum 28.722M/7.178M