Frax Finance

Author

Lyule67.ETH

Summary

Implement sdFrax3CRV-f Gauge ragequit function with 7.5% withdrawal fee.

FXS Gauge: 0xEB81b86248d3C2b618CcB071ADB122109DA96Da2 LP Token: 0x5af15DA84A4a6EDf2d9FA6720De921E1026E37b7 Pool: 0xd632f22692FaC7611d2AA1C0D552930D43CAEd3B

Proposal Details

The statement has been made “if you want an unlock, refund all the rewards.”

Below, you will find math showing weighted calculations outlining the USD Value at time of emission of how many rewards the current and proposed-to-be-unlocked-TVL received.

Additionally, you will find the grand total of all rewards ever given.

I performed the following calculations in line with my previous work on the StakeDAO Frax Eth Put pool, which makes the following assumptions: the LP was max locked and then subject to linear decay until present time. The calculations only account for the boost of the proposed-to-be unlocked LP.

Total $value$ upon emission of lifetime rewards to entire pool = $1,105,164.7725

Total USD of all FXS rewards emitted to 4.769m LP valued at time of emission, using Max Boot of 3.0 with linear decay : $268,122.224

$268,122.224 / 4.769m = 5.6%

I propose the StakeDAO sdfrax3crv-f Pool be unlocked for a tax-fee equal to the USD-Value-at-time-of-Emission of $ 26 8,122.224 = 5.6% + ( ( slippage + Dev time ) = 1.9% ) = 7. 5 %

Thank you for your time, Lyule67.ETH

Voting

• For: Implement sdFrax3CRV-f Gauge ragequit function with 7.5% withdrawal fee.
• Against: Do nothing.