FIP 50 - Frax + Futureswap Revised
The original proposal is here: https://snapshot.org/#/frax.eth/proposal/0xcb2e0fcb30571d1c9e6a3b364f0b521466b229d774b31e0c2a5cb433214c7339
Summary
This is a revised proposal based on feedback from the previous poll. The Frax and Futureswap teams have been working together to enable a derivative layer on top of Frax products. This proposal authorizes a FXS <> FST swap at a 30 day TWAP. The proposal also authorizes FRAX liquidity for a FRAX/FST AMM pool. Frax is entitled to all fees generated by the AMM LP position. Additional background and motivation can be found in the previous proposal and the discussion thread.
Proposal
Approve a $1m swap up front with authorization for up to $3m total at the team’s discretion. Approve $1m FRAX up front for an AMM pool with authorization for up to $3m FRAX total at the team’s discretion. Frax is entitled to all fees generated on the AMM LP position.
For: Approve the swap and FRAX for the AMM pool
Against: Do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 25.59M | 100% for Authorize the swap and AMM FRAX |
 0x10c1...8a86dE | 3.891M | 100% for Authorize the swap and AMM FRAX |
 0xb557...7837C3 | 2.08M | 100% for Authorize the swap and AMM FRAX |
 0x0371...6E4025 | 420,543 | 100% for Authorize the swap and AMM FRAX |
 0xea82...9a72Af | 46,228 | 100% for Authorize the swap and AMM FRAX |
VOTE POWER
Proposal Status
- Mon April 11 2022, 05:00 amVoting Period Starts
- Sat April 16 2022, 05:00 amEnd Voting Period
Current Results
1-Authorize the swap and AMM FRAX
32.095M
2-Do nothing
2,770.063