Add G-UNI FRAX-DAI and FRAX-USDC pools to Frax gauges
G-UNI is an easy-to-use, unopinionated framework built by the Gelato team for managing Uniswap v3 LP positions. G-UNI allows users to provide liquidity in the same manner as they would in Uniswap v2 with their positions being fungible as well as having fees from it automatically reinvested back into the position by Gelato automation, creating compounding effects. After being audited and used by projects such as Instadapp and Float for their own liquidity mining schemes, G-UNI has proven both it’s utility and resiliency.
The advantages of adding G-UNI pools for FRAX-DAI and FRAX-USDC to gauges include that it encourages wider participation from the Frax community in liquidity mining programs. In the program’s current iteration, users must take extra steps and specify an exact range as well as manage fees. With G-UNI, it’s as simple as set and forget and they do not have to manage anything extra themselves. In addition, Frax G-UNI positions could be used in the future on lending platforms such as Cream, Rari, and others.
FRAX G-UNI pools are currently in a fixed position as described below and in the future, can be upgraded with rebalancing strategies that promote maintaining the tightest peg. The G-UNI Pools are currently managed by the Gelato multisig but will hand it off to FRAX multisig when appropriate.
- Fee Tier: 0.05%
- Position Lower Bound: 1 FRAX = 0.9904 USDC (tick = -276420)
- Position Upper Bound: 1 FRAX = 1.0105 USDC (tick = -276220)
- Fee Tier: 0.05%
- Position Lower Bound: 1 FRAX = 0.9901 DAI (tick = -100)
- Position Upper Bound: 1 FRAX = 1.0101 DAI (tick = 100)
The Gelato team will be there to help with the process each step of the way. If the community has any questions or feedback, we would love to hear from you!
FOR: ADD GAUGE
AGAINST: DO NOTHING