FIP - 65 - Kill D4 Saddle pool staking rewards and move it to gauge
Summary:
Remove D4 Saddle pool staking rewards and move it into the gauge system.
As pointed out by community members, the dynamic and constantly updating nature of rewards for gauges are far fairer than our staking rewards and in general, it seems a good practice to move staking rewards pools into gauges.
We would like to propose to start this good practice with the D4 Saddle pool, which means removing D4 Saddle pool staking rewards and adding it as a gauge. This essentially allows FXS emission to be used more fairly for the stability of FRAX as well as the extension of the market cap of that.
This is potentially an initial proposal to move all staking rewards to the gauge system.
Implementation:
- Remove D4 Saddle pool staking rewards.
- Add D4 Saddle gauge.
Poll:
- Kill D4 Saddle pool staking rewards and move it to gauge
- Kill D4 Saddle pool staking rewards
- Do Nothing
Appendix:
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 25.518M | 50% for Remove and Move to Gauge, 50% for Remove |
 0x10c1...8a86dE | 3.947M | 100% for Remove and Move to Gauge |
 0xb557...7837C3 | 2.017M | 100% for Remove and Move to Gauge |
 0x3F3B...853fFD | 476,229 | 100% for Remove and Move to Gauge |
 0x3c28...4997A6 | 365,495 | 100% for Remove |
VOTE POWER
Proposal Status
- Thu May 19 2022, 03:20 pmVoting Period Starts
- Tue May 24 2022, 03:20 pmEnd Voting Period
Current Results
1-Remove and Move to Gauge
19.3M
2-Remove
13.219M
3-Do nothing
27,999.494