# \[FIP - 108\] New FraxBP metapool gauges (pusd, mai)

**URL:** <https://gov.frax.finance/t/fip-108-new-fraxbp-metapool-gauges-pusd-mai/1798>\
**Category:** Gauges\
**Created:** [August 30, 2022, 2:13pm UTC](https://gov.frax.finance/t/fip-108-new-fraxbp-metapool-gauges-pusd-mai/1798 "2022-08-30T14:13:32Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![C2tP-C2tP](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/c2tp-c2tp/32/378_2.png) [@C2tP-C2tP](https://gov.frax.finance/u/C2tP-C2tP)\
**Post date:** [August 30, 2022, 2:13pm UTC](https://gov.frax.finance/t/fip-108-new-fraxbp-metapool-gauges-pusd-mai/1798/1 "2022-08-30T14:13:32Z")

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#### Author

C2tP (Convex Finance)

## Proposal

### Background & Motivation

Continuing the push to incentivize FraxBP pools, this proposal will add gauges for Convex wrapped positions of the following pools. (Similar to FIP 97 - Initial FRAXBP Metapool Gauges)

### Abstract

Add a FXS gauge for the following Convex pools:

pUSD/FraxBP  
Mai/FraxBP

The staking token is a wrapped Convex staking position represented by an erc-20 that receives CRV and CVX rewards. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.

The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at [platform/contracts/contracts/wrappers/ConvexStakingWrapperFrax.sol at main · convex-eth/platform · GitHub](https://github.com/convex-eth/platform/blob/main/contracts/contracts/wrappers/ConvexStakingWrapperFrax.sol)

### Voting

For: Add the listed pools to FXS gauge controller as staked Convex positions

Against: Do nothing.

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<div class="post-metadata">

**Author:** ![nader.frax](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/nader.frax/32/1849_2.png) [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Post date:** [September 4, 2022, 6:46pm UTC](https://gov.frax.finance/t/fip-108-new-fraxbp-metapool-gauges-pusd-mai/1798/2 "2022-09-04T18:46:14Z")

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This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0x8ec747739271a3ca6b6ca7e3f589bc16cca697f3a303620f6b362968fa7f0c0c)