[FIP - 235] Add crvUSD/Frax pool to the FXS gauge controller

C2tP (Convex Finance)

Create a FXS gauge for a Convex crvUSD/Frax LP position.

The staking token is a wrapped Convex staking position represented by an erc-20 that receives CRV and CVX rewards. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.

The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at platform/ConvexStakingWrapperFrax.sol at main · convex-eth/platform · GitHub

Note that a previous FIP(110) passed for the addition of a crvUSD/FraxBP FXS gauge. The team decided a direct crvUSD pairing would be better suited for this particular pool.

For: Add the crvUSD/Frax pool to the FXS gauge controller as a staked Convex position.

Against: Do nothing.


Let’s absolutely deploy this gauge, no reason not to in my opinion.

This proposal is up for voting here: Snapshot