Summary:
Curve Pool Address: https://curve.fi/#/ethereum/pools/factory-v2-360/swap
Pool / Token: 0x320b564fb9cf36933ec507a846ce230008631fd3
Gauge: 0x57e1947e1134f6e733a4a694de6a163ef23edf54
Documentation: Introduction - About the JPEG’d lending protocol
Background:
JPEG’d is a decentralized lending protocol that issues Ether/Stablecoin derivatives backed by NFTs as collateral. All debt is fully collateralized, and underwritten by the full backing of the JPEG’d Treasury.
pETH is an ETH-pegged stablecoin that is loaned as debt to be repaid against NFT collateral. Our pETH-frxETH pool provide liquidity to the frxETH pools on Curve.
Motivation:
JPEG’d is a regular customer of Frax through FRAXBPpUSD, and would like to stake more of our liquidity on Frax for the mutual benefit of both DAOs.
Voting:
- For: Add the pETH-frxETH pool to the FXS gauge controller
- Against: There can be no victory against Frax