[FIP - 167] Add L2D4 Gauge
Author:
Ov3rkoalafied
SUMMARY:
Deploy an FXS gauge for the Saddle L2D4 pool (FRAX, USDs, USX, alUSD pool on Arbitrum), which will be co-incentivized by Sperax, dForce, Alchemix, L2DAO, and Saddle.
Saddle pool address: L2D4
BACKGROUND AND MOTIVATION:
The current stablecoin market is dominated by three major players: USDC, USDT, DAI.
While these coins have proven to be mostly reliable in terms of stability and usecase, they also come with certain limitations and risks.
L2D4 intends to offer a focused alternative to the standard, act as a catalyst for rebalancing the markets in favour of less centralised offering, and offer direct swap paths through aligned protocol stablecoins/stablecoin derivatives.
With bribe proposals passed by the constituent protocols, and additional bribes coming from both Layer2DAO and Saddle, establishing a gauge for the pool would represent a massive opportunity to break into Arbitrum for veFXS hodlers-- allowing them to acquire 6 governance tokens and a major footing in the ecosystem in exchange for their votes.
VOTING:
- For: Deploy an FXS gauge for Saddle’s L2D4 LP token
- Against: Do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0dd...722f5f | 6.064M | 100% for For |
 0x10c1...8a86dE | 3.828M | 100% for For |
 0x52ea...F887DC | 669,313 | 100% for For |
 0x3c28...4997A6 | 284,321 | 100% for For |
 0x6a5d...62B188 | 161,220 | 100% for For |
VOTE POWER
Proposal Status
- Sun January 22 2023, 10:52 pmVoting Period Starts
- Fri January 27 2023, 10:52 pmEnd Voting Period
Current Results
1-For
11.212M
2-Against
66.19