Integrate UniV3staker and add gauge for UniV3 FXS/FRAX
Adding gauges for Uniswap V3 FXS/FRAX positions
Uni V3 LP offer higher capital efficiency and ability for market makers to provide tight markets for traders.
Currently there is 3.3m liquidity for the FXS/FRAX LP on Uniswap V3. This is POL liquidity provided by the team. It is used as the price for Coingecko and other aggregators. Additionally its used to provide prices to Chainlink.
Fraxswap is important because it allows for TWAMM orders. Adding UniV3 LP incentives will improve arbitragers ability to fill those orders and keep markets tight.
Adding gauges for these two pools will require addition of UniV3Staker (GitHub - Uniswap/v3-staker: Canonical liquidity mining contract for Uniswap V3). This will allow the protocol to pay out gauge rewards only to stakers who are in range.
Because of the need to rebalance and rotate on Uni V3 LP, locking bonuses should not be added. LPs should be able to unstake and adjust positions as needed.
For: Integrate UniV3staker and add gauge for UniV3 FXS/FRAX
Against: Do nothing.