# \[FIP -198\] Increase Fraxlend AMO allocation for a pair ( sfrxETH/FRAX - Variable Rate V2 )

**URL:** <https://gov.frax.finance/t/fip-198-increase-fraxlend-amo-allocation-for-a-pair-sfrxeth-frax-variable-rate-v2/2216>\
**Category:** AMOs\
**Created:** [March 6, 2023, 6:22pm UTC](https://gov.frax.finance/t/fip-198-increase-fraxlend-amo-allocation-for-a-pair-sfrxeth-frax-variable-rate-v2/2216 "2023-03-06T18:22:59Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![nader.frax](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/nader.frax/32/1849_2.png) [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Post date:** [March 6, 2023, 6:22pm UTC](https://gov.frax.finance/t/fip-198-increase-fraxlend-amo-allocation-for-a-pair-sfrxeth-frax-variable-rate-v2/2216/1 "2023-03-06T18:22:59Z")

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### Authors

Frax Core Team

# Summary

Increase the maximum authorized allocation of Fraxlend AMO for the following Fraxlend pair.

| Fraxlend Pair Name | Fraxlend Pair Address | Current Max Authorized Allocation | Proposing Max Authorized Allocation |
| --- | --- | --- | --- |
| sfrxETH/FRAX - Variable Rate V2 | [0x78bb…b7ef15](https://etherscan.io/address//0x78bb3aec3d855431bd9289fd98da13f9ebb7ef15) | 10,000,000 FRAX | 30,000,000 FRAX |

# Background and Motivation

Fraxlend is a lending platform that allows anyone to create a market between a pair of ERC-20 tokens. Each pair is an isolated, permission-less market that allows anyone to create and participate in lending and borrowing activities.

Automated Market Operations (AMOs) make FRAX one of the most potent stablecoin protocols, creating maximum flexibility and opportunity without altering the base stability mechanism that made FRAX a leader in the stablecoin space.

Fraxlend sfrxETH/FRAX - Variable Rate V2 pair is one of the protocol’s fastest-growing isolated markets, which can be monitored [here](https://facts.frax.finance/fraxlend/pairs/0x78bb3aec3d855431bd9289fd98da13f9ebb7ef15).

# Proposal

- For: Increase max authorized allocation of Fraxlend AMO for the mentioned pair.
- Against: Do nothing.

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<div class="post-metadata">

**Author:** ![nader.frax](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/nader.frax/32/1849_2.png) [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Post date:** [March 9, 2023, 9:20pm UTC](https://gov.frax.finance/t/fip-198-increase-fraxlend-amo-allocation-for-a-pair-sfrxeth-frax-variable-rate-v2/2216/2 "2023-03-09T21:20:35Z")

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This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0xdba8251a33ddee3d25bcd4aa9de3ab4984a3fd024bd9f8a5bb396961a94d84d7)