Frax Finance

Author

Nader Ghazvini

Summary

Authorization for revoting failed FIPs that have surpassed the quorum with a cool-down period.

Background and Details

In Frax Finance, we value our veFXS holders’ time and opinion and stand by all votes that reach quorum, even if they are rejections. But in the unlikely case that one of these proposals was rejected when it should not have been for any reason, this proposal creates an opportunity to revote.

We propose a dynamic cool-down period for revoting failed FIPs that have surpassed the quorum with the following conditions:

Vote Participation	Cool-Down Period for Revoting
1 x Quorum < Participation < 2 x Quorum	30 days
2 x Quorum < Participation < 3 x Quorum	60 days
3 x Quorum < Participation < 4 x Quorum	90 days
4 x Quorum < Participation < 5 x Quorum	120 days
5 x Quorum < Participation < 6 x Quorum	150 days
6 x Quorum < Participation	180 days

P.S. For FIPs that have not hit quorum once but met 90% of quorum, we still use the FIP-102 policy.

PROPOSAL

• For: Authorization for revoting failed FIPs that have surpassed the quorum with a cool-down period.

• Against: Do nothing