Frax Core Team
Implement Saddle L2D4 Gauge ragequit function with a 20% fee.
The Saddle L2D4 pool was a popular stable pool on Arbitrum, contributing to liquidity provision and stablecoin swaps. However, the recent approval of SIP-54 on August 14, 2023, which decided to responsibly wind down the Saddle protocol, leads to a reevaluation of the operational aspects of the Saddle L2D4 pool.
In light of these developments, this proposal seeks to introduce a “ragequit” mechanism to the Saddle L2D4 pool Gauge on Arbitrum, designed with a 20% fee structure. This feature will offer liquidity providers an organized route to withdraw their assets from the pool, considering the evolving context driven by sunset of Saddle protocol.
Pool : ARB: 0xF2839E0b30B5e96083085F498b14bbc12530b734
LP Token : ARB: 0x147D0Af556C6D89640BFa915D2b9619d7b55947a
Gauge : ARB: 0xd1dF24e8D225b20F9c8f4912BE88cCCec93f36E5
• For: Implement the ragequit function for the Saddle L2D4 [Arbitrum] gauge with a 20% fee.
• Against: Do Nothing