# \[FIP - 280\] Implement Saddle L2D4 Gauge ragequit function with 20% fee

**URL:** <https://gov.frax.finance/t/fip-280-implement-saddle-l2d4-gauge-ragequit-function-with-20-fee/2528>\
**Category:** Gauges\
**Created:** [August 24, 2023, 1:34am UTC](https://gov.frax.finance/t/fip-280-implement-saddle-l2d4-gauge-ragequit-function-with-20-fee/2528 "2023-08-24T01:34:55Z")\
**Posts on this page:** 2\
**Page:** 1

<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:** [August 24, 2023, 1:34am UTC](https://gov.frax.finance/t/fip-280-implement-saddle-l2d4-gauge-ragequit-function-with-20-fee/2528/1 "2023-08-24T01:34:55Z")

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### Authors

Frax Core Team

## Summary

Implement Saddle L2D4 Gauge ragequit function with a 20% fee.

## Background and Motivation

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](https://vote.saddle.community/#/proposal/0x271aef6b1d04cf08878b33d304add4827da146dc7b1ca12d802a3922e29ad34b) 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 Details

Pool : ARB: 0xF2839E0b30B5e96083085F498b14bbc12530b734  
LP Token : ARB: 0x147D0Af556C6D89640BFa915D2b9619d7b55947a  
Gauge : ARB: 0xd1dF24e8D225b20F9c8f4912BE88cCCec93f36E5

# Vote

• For: Implement the ragequit function for the Saddle L2D4 [Arbitrum] gauge with a 20% fee.  
• 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:** [August 28, 2023, 6:09pm UTC](https://gov.frax.finance/t/fip-280-implement-saddle-l2d4-gauge-ragequit-function-with-20-fee/2528/2 "2023-08-28T18:09:26Z")

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This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0x41a2ef2d68725654b73ea5ac05410822f32ef2473a61ef7b7c4827b9705400d4)