FIP 46 - Vesta Gauge on Arbitrum (FRAX-VST)
Summary Add a veFXS gauge for FRAX-VST Arbitrum Curve pool.
Background & Motivation: Vesta Finance is a general purpose lending-stablecoin system based loosely on Liquity’s trove model. Vesta Finance is launching their native VST stablecoin and protocol on Arbitrum imminently. Liquity’s model has been very successful but due to Liquity’s lack of governance and inability to update any kind of parameters, they cannot do anything. Vesta fills this gap as a much more general purpose and exciting lending system. They have expressed interest in also expanding their lending model to include FXS and other FRAX friendly tokens.
We’d like to propose to help incentivize and create deep liquidity for VST-FRAX at launch so the projects are aligned in every way. Vesta has also committed to doing VSTA incentives for this gauge so this would be a dual token FXS+VSTA rewards gauge. This gauge would also help our Arbitrum expansion, so I think it is a net positive in multiple areas.
For: Deploy FRAX-VST Gauge Against: Do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x10c1...8a86dE | 3.657M | Deploy FRAX-VST Gauge |
 0xb557...7837C3 | 2.049M | Deploy FRAX-VST Gauge |
 0x8df9...144385 | 411,193 | Deploy FRAX-VST Gauge |
 0x3F3B...853fFD | 368,257 | Deploy FRAX-VST Gauge |
 0x614D...562adE | 117,821 | Deploy FRAX-VST Gauge |
VOTE POWER
Proposal Status
- Sun February 13 2022, 05:00 pmVoting Period Starts
- Wed February 16 2022, 05:00 pmEnd Voting Period
Current Results
1-Deploy FRAX-VST Gauge
6.97M