FIP 90 - Add FRAX/USDC Curve pool as a Convex position to the Gauge Controller
Author C2tP (Convex Finance)
Summary
Add the new FRAX/USDC Curve pool as a wrapped Convex staking position to the Gauge Controller to increase liquidity via CRV, CVX, and FXS rewards.
Background & Motivation
With the recent deployment of the FraxBP (Frax/Usdc) pool, we should look at adding FXS incentives on top of the CRV and CVX rewards that the pool will receive.
Much like FIP-57(Frax/Fip gauge) we can use a wrapped staking position on Convex to create an erc20 token that receives CRV and CVX. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.
The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at https://github.com/convex-eth/platform/tree/main/contracts/contracts/wrappers
Poll
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For: Create a wrapped Convex position for the FRAX/USDC pool and add it to the Frax Finance Gauge Controller.
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Against: Do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 25.962M | 100% for For |
 0xA81a...757538 | 680,684 | 100% for For |
 0x3c28...4997A6 | 391,024 | 100% for For |
 0x6a5d...62B188 | 171,943 | 100% for For |
 0xed32...e296bb | 102,000 | 100% for For |
VOTE POWER
Proposal Status
- Thu June 23 2022, 03:23 pmVoting Period Starts
- Tue June 28 2022, 03:23 pmEnd Voting Period
Current Results
1-For
27.448M
2-Against
39,969.718