I propose the implementation of a ragequit function for the FRAX/mUSD liquidity pool to address the needs of community members who wish to re-allocate their capital. This function will provide community members with greater flexibility and freedom in managing their capital while ensuring that the underlying protocol is not exposed to significant risk. The proposal also aims to generate profits for the protocol if passed.
The current FRAX/mUSD liquidity pool has seen minimal adoption with FRAX transaction volume since its inception, making it an ineffective and non-productive way to direct capital towards. The proposed solution is a ragequit function that will allow community members to exit their positions in the FRAX/mUSD liquidity pool with a daily slash rate calculated at 8% per year.
It is important to note that the mStable project is facing challenges such as difficulty in raising capital, limited funds, and market strategy issues. Moreover, the project has stopped directing any MTA rewards to the FRAX/mUSD liquidity pool.
For: Implement the ragequit function for the FRAX/mUSD gauge with a daily slash rate calculated based on 8% yearly.
Against: Do nothing.