Motivation

Gearbox has gotten noticeable traction after the launch of Leverage Ninja mode. FRAX related assets have become the most popular since then with around $20M worth of FRAX related convex/curve pools* which makes it reasonable to consider adding a separate Gearbox FRAX pool in order to increase available liquidity and decrease liquidation risks at the same time.

Proposal

Taking into account the popularity of FRAX related assets as well as recent proposal from the FRAX community to seed FRAX pool with 2M FRAX**, I propose to create a new pool: FRAX 0x853d955aCEf822Db058eb8505911ED77F175b99e with the same parameters as for the USDC and DAI pools (100k min borrow and 1M max borrow). This would help to attract liquidity from FRAX holders and also allow less risky FRAX borrowing and bigger leverage when using FRAX as collateral.

Set up Asset LTs for FRAX pool as below:

Token	FRAX pool LT (%)
WETH	85
stETH	82.5
WBTC	85
USDC	92
DAI	92
FRAX	94.5
USDT	90
sUSD	90
gUSD	90
LUSD	90
steCRV	82.5
cvxsteCRV	82.5
FRAX3CRV-f	90
cvxFRAX3CRV-f	90
3Crv	90
cvx3Crv	90
LUSD3CRV-f	90
cvxLUSD3CRV-f	90
crvPlain3andSUSD	90
cvxcrvPlain3andSUSD	90
gusd3CRV	90
cvxgusd3CRV	90
crvFRAX	90
cvxcrvFRAX	90
yvDAI	90
yvUSDC	90
yvWETH	82.5
yvWBTC	82.5
yvCurve-stETH	82.5
yvCurve-FRAX	90
CVX	25
FXS	25
LQTY	0
CRV	25
LDO	0
SNX	25

GEAR liquidity mining incentives shall be discussed and voted in a separate proposal.

*Check assets stats on the Gearbox Dune Dashboard https://dune.com/apeir99n/gearbox-protocol-dashboard and the Gearbox Credit Accounts Report https://datastudio.google.com/reporting/a95186ae-29b4-4d72-8807-612bb5f54dd0/page/p_rpadamuqqc

**Snapshot voting on FRAX proposal https://snapshot.org/#/frax.eth/proposal/0x3b1509fd9347e5b409f2623a1ad84ae50b6a02da2bc7b69805c474ee3497ec32