[FIP - 110] Add FraxBP metapool gauges

Governance Proposals Gauges
1

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:

dola/FraxBP
alcx/FraxBP
cvx/FraxBP
cvxcrv/FraxBP
cvxfxs/FraxBP
agEur/FraxBP
crvUSD/FraxBP (Curve’s new stable coin)

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/ConvexStakingWrapperFrax.sol at main · convex-eth/platform · GitHub

note 1: agEur has already passed in FIP 107, but this is to further define that the gauge passed in FIP107 will be a wrapped Convex position.

note 2: the curve stable coin at the time of this writing has not been deployed yet, however this proposal authorizes the creation of a gauge after such deployment and addition to Curve’s gauge controller.

Voting

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

Against: Do nothing.

1 Like
2

Very much in favor of this. This is the next series of FRAXBP gauges with the first ones extremely successful and already growing.

FRAX’s dominance in the liquidity markets is solidifying and we should lean into these pairs as well.

1 Like
3

Is there a plan to include Silo in grand scheme of things ?

4

This proposal is up for voting here: Snapshot