Frax Finance

We all know its gonna happen at some point so maybe its time to look at the options we have when moving FXS/FRAX to Uniswap V3 , to the gauge rewards and to include a veFXS boost.

Right now the FXS/FRAX uni V2 pool get 100k FXS a week. 50% of the investors in the pool are not locked The pool does not get a veFXS boost The rewards for the pool are not governed by the gauge vote.

i would like to propose the following.

We approach the Gelato protocol and confirm they have the ability to manage our FXS/FRAX pool if it was migrated on to uni V3. if the answer is yes and the FRAX team is happy with the Gelato’s team response and vision, then …

We add the new Gelato FXS/FRAX uni V3 pair to the gauge

We give the pair a veFXS boost for locked investors

We move the 100k a week rewards over to the gauge (50k after 20th dec)

We unlock the remaining 50% of investors in the current FXS/FRAX uni V2 pool so they can also migrate.

https://gov.frax.finance/t/migrate-fxs-frax-to-v3-uniswap-and-the-gauge/231

A side affect is it gives people more reason to hold veFXS, will increase the efficiency of the pool, will get investors to lock their stake and it also gives the stake holders a 2nd income from the GEL coins earned for staking.

FOR = migrate to V3

AGAINST = do nothing