closedEnded 4 years ago · Snapshot (Offchain)
Frax x Perp Pt 2
By 0x01E6...E808B8Continue Reading
For further details and to view discussion so far please visit the forums here: https://gov.frax.finance/t/frax-x-perp-partnership-pt-2/1142?u=tongnk
This is the second part to the partnership and at a high level we are proposing:
- Token swap of 2M USD value between PERP <> FXS using 30d TWAP
- Frax will lockup PERP to redirect more rewards for LPs that use FRAX as collateral. Perp will use the FXS to incentivise usage of FRAX as collateral on Perp OR lockup to veFXS and participate in the gauge
- Whitelist Perp for gauge contracts
- Additionally authorise a 8M USD value if the TVL of FRAX in the Perp clearing house to be >5M AND weekly volume facilitated by FRAX collateral is >100M
Connect Wallet to Add Note
0Votes 45
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 25.571M | For |
 0x10c1...8a86dE | 3.888M | For |
 0xb557...7837C3 | 2.075M | For |
 0x3F3B...853fFD | 485,186 | For |
 0xA52F...6B077e | 191,943 | For |
VOTE POWER
0
Connect Wallet
Proposal Status
- Tue April 12 2022, 02:41 pmVoting Period Starts
- Tue April 19 2022, 04:00 amEnd Voting Period
Current Results
1-For
32.789M
2-Against
3,574.998
Quorum 32.793M/7.178M