FIP 21: Add Gauges for G-UNI Frax Stablecoin Pairs
Forum Thread: https://gov.frax.finance/t/fip-21-g-uni-gauge-for-frax-stablecoin-pairs/127
Proposal: Add the following G-UNI stablecoin pairs to Frax gauges including:
FRAX-DAI FRAX-sUSD FRAX-LUSD FRAX-UST FRAX-USDN FRAX-USDP FRAX-alUSD FRAX-MIM FRAX-TUSD FRAX-FEI
Abstract: G-UNI is a fungible (ERC20) wrapper around an LP Position on a Uniswap V3 trading pair. Fees earned by the position are automatically reinvested into the position by Gelato automation for compounding effects. Liquidity is added into the G-UNI Pooled Position and G-UNI tokens are minted. These G-UNI tokens have the ability to be staked into liquidity mining program such as Frax’s veFXS rewards to earn FXS
Technical Details: The G-UNI stablecoin pools will be a fixed range position that does not change. At first, the pool will be managed by the Gelato multisig but will be handed off to the Frax team shortly after.
Example G-UNI FRAX/DAI specs Fee Tier: 0.05% Position Lower Bound: 1 FRAX = 0.9901 DAI (tick = -100) Position Upper Bound: 1 FRAX = 1.0101 DAI (tick = 100)
Voting Options: Yes, add G-UNI Frax stablecoin pairs to veFXS gauges No, do nothing
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x38F2...7cd141 | 786,404 | No |
 0x9dE1...b9c2D3 | 637,587 | Yes |
 0x8df9...144385 | 393,243 | Yes |
 0x9de9...E39900 | 333,228 | Yes |
 0x614D...562adE | 205,710 | No |
VOTE POWER
Proposal Status
- Thu September 23 2021, 09:00 pmVoting Period Starts
- Sun September 26 2021, 09:00 pmEnd Voting Period
Current Results
1-Yes
2.079M
2-No
1.01M