Governance power in other protocols
As the FRAX protocol expands we have and will continue to collect more governance tokens in other protocols.
This gives us as a collective a lot of voting power in other protocols, but the problem is how we use it.
Sam has mentioned that some sort of team should be set up to help control the voting power we have, i’m not sure who will be in that team, when or how it will be set up but i would like to propose the following as a temporary solution until a permanent solution can be found.
https://gov.frax.finance/t/governance-power-in-other-protocols/280/2
I propose we give the FRAX team members permission to use the governance tokens we hold in the treasury to vote in the governance of other protocols on our behalf with the following conditions.
1, we are informed every time the team votes (a simple post in telegram will do). 2, voting power should only be used if it is in the interest of the FRAX protocol.
This would allow the team to vote on any proposal in other protocols in a timely manner and anyone can bring a proposal vote to their attention knowing the team will review the proposal and vote accordingly on our behalf.
FOR = Allow the team to vote for us on proposals in other protocols with the above conditions
AGAINST = Do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x08c7...0C7A92 | 188,930 | FOR |
 0x6a5d...62B188 | 147,198 | FOR |
 0x9E0e...90141b | 73,120 | FOR |
 0x2196...451169 | 67,044 | FOR |
 0x55a3...2821CF | 48,348 | FOR |
VOTE POWER
Proposal Status
- Sat December 11 2021, 12:00 pmVoting Period Starts
- Fri December 17 2021, 12:00 pmEnd Voting Period
Current Results
1-FOR
636,445.889
2-AGAINST
2,361.94