[FIP - 135] Deploy Fraxferry for a new chain ( Arbitrum )

Authors

Frax Core Team

Summary

Deploy a Fraxferry between Ethereum Mainnet and Arbitrum, with the following details:

Parameter Value
Ethereum Fraxferry contract address TBD
Arbitrum Fraxferry contract address TBD
Ethereum Token address 0x853d955aCEf822Db058eb8505911ED77F175b99e (FRAX)
Arbitrum Token address TBD
MIN_WAIT_PERIOD_ADD 1 hour
MIN_WAIT_PERIOD_EXECUTE 23 hours

Background and Motivation

Fraxferry is the newest product of Frax Finance. It aims to simplify the cross-chain bridging issue for Frax assets, making it easier to deploy Frax on other chains. Fraxferry is a slower, simpler, but more secure method of bridging tokens. And you can read more about it here.

Proposal

  • For: Deploy a Fraxferry between Ethereum Mainnet and Arbitrum
  • Against: Do nothing.