[FIP - 195] Move Locks Back to 3 Years for 3x Boost
Author
Nader Ghazvini
Summary
This proposal aims to move the maximum lock time for all new gauges back to three years for a 3x boost on the Frax Finance protocol.
Background and Motivations
Currently, Frax Finance offers users the option to lock their tokens for one year in exchange for a 2x boost. However, this option has not proven more effective than the previous option of locking tokens for three years for a 3x boost. Therefore, we propose to move the lock option back to three years for a 3x boost. This change will only apply to FRAXOHM, clevUSD, msUSD, and future gauges, and the gauges deployed with a maximum one-year lock and 2x boost won’t be unlocked or redeployed.
By moving the lock option back to three years, we hope to achieve the following goals:
- Encourage users to lock their tokens for a longer period, resulting in increased liquidity, trading volumes, protocol stability, and anti-reflexivity in the stablecoin peg.
- Provide users with a more attractive incentive to lock their tokens, improving the platform’s overall performance.
- Increase user participation and engagement on the platform by giving them more flexibility and control over their tokens.
Vote
- For: Move the maximum lock time for all new gauges back to three years for a 3x boost on the Frax Finance protocol.
- Against: Do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x947B...7D0277 | 26.56M | 100.0% for For, 0.0% for Against |
 0xe0dd...722f5f | 5.941M | 100% for For |
 0x10c1...8a86dE | 3.527M | 100% for For |
 0xb744...64910b | 2.677M | 100% for For |
 0xCC4e...f841E3 | 2.284M | 100% for For |
VOTE POWER
Proposal Status
- Thu February 23 2023, 11:58 pmVoting Period Starts
- Tue February 28 2023, 11:58 pmEnd Voting Period
Current Results
1-For
45.21M
2-Against
290,578.158