Author:
Jack Melnick (@jackmelnick_ / Polygon)
Background & Motivation:
Diversification of frxETH liquidity outside Ethereum.
Summary:
Balancer is becoming a leader in LSD pools across all networks, with staked assets as a key focus, and is hence a natural choice to create a liquidity sink for frxETH on Polygon. By diversifying frxETH liquidity beyond Ethereum, it allows the wider DeFi community to gain access to the Frax ecosystem.
About the pool:
This pool uses Balancer’s stable pool factory and contains FRAX’s wrapped ethereum token,Frax eth (frxETH) bridged via Frax Ferry and WETH.
Contracts:
Balancer Pool: 0x5DEe84FfA2DC27419Ba7b3419d7146E53e4F7dEd
Balancer Gauge: 0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189
Voting:
For: Add frxETH/WETH (Polygon) to the FXS gauge controller
Against: Do nothing.