Frax Core Team
This proposal aims to grant the Fraxlend AMO permission to distribute its existing allocation limitations among both V1 and V3 FraxLend lending pairs. The main objective is to ensure a smooth migration from V1 to V3 by maximizing the utilization of the allocations already in place across both versions.
As we’re getting set to launch more lending markets with Fraxlend V3 with Variable Rate V2, it’s key to reexamine our capital allocation game plan to ensure a seamless move from V1 to V3. Currently, each Fraxlend V1 lending pair has its own allocation caps managed by Fraxlend AMO. But, with the upcoming arrival of new lending pairs in V3, we need a solid plan to manage these allocations effectively. This proposal aims to offer a smooth transition from V1 to V3, keeping user-experience top-notch and our platform running smoothly.
Our proposal is to give Fraxlend AMO the power to share its existing allocation limits between V1 and soon-to-launch V3 lending pairs. In simpler terms, the allocation cap for a specific lending pair could be shared between its V1 and V3 versions. By spreading these allocations across multiple versions, we can make the best use of capital and offer a hassle-free transition for our users.
The pairs we plan to roll out in V3 are:
|Pair||Current Pair Address|
For: Authorizing FraxLend AMO to share allocation limits between V1 and V3 lending pairs.
Against: Do nothing.