# \[FIP - 309\] Add TricryptoFRAX to FXS Gauge Controller

**URL:** <https://gov.frax.finance/t/fip-309-add-tricryptofrax-to-fxs-gauge-controller/2812>\
**Category:** Gauges\
**Created:** [December 20, 2023, 12:26pm UTC](https://gov.frax.finance/t/fip-309-add-tricryptofrax-to-fxs-gauge-controller/2812 "2023-12-20T12:26:50Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![sap](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/sap/32/1434_2.png) [@sap](https://gov.frax.finance/u/sap)\
**Post date:** [December 20, 2023, 12:26pm UTC](https://gov.frax.finance/t/fip-309-add-tricryptofrax-to-fxs-gauge-controller/2812/1 "2023-12-20T12:26:50Z")

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## Summary:

Curve LP token: 0x4d1941a887ec788f059b3bfcc8ee1e97b968825b  
Convex pool ID: 255  
URL: [Convex for Curve](https://www.convexfinance.com/stake/ethereum/255)  
Documentation: [https://docs.threshold.network](https://docs.threshold.network)

## Background:

The TricryptoFRAX pool is a modern take on Curve’s tricrypto pool, and contains FRAX, tBTC, and frxETH. This proposal aims to add a gauge for Convex wrapped positions of the TricryptoFRAX pool.

tBTC is a decentralized wrapped Bitcoin, backed 1:1 by mainnet BTC, and maintained by Threshold DAO. Unlike other wrapped Bitcoins, the BTC that backs tBTC is not held by a central intermediary, but is instead held by a network of nodes using threshold cryptography. tBTC is permissionlessly redeemable for mainnet BTC.

## Motivation:

The TricryptoFRAX pool is a permissionless and decentralized way for Frax users to move BTC in and out of DeFi. Threshold DAO aims to build a relationship with the value-aligned Frax community, to offer decentralized BTC DeFi usecases.

## Voting:

For: Add the Convex wrapped TricryptoFRAX pool to the FXS gauge controller  
Against: Do nothing

### Snapshot voting: [[FIP - 309] Add TricryptoFRAX to FXS Gauge Controller](https://snapshot.org/#/frax.eth/proposal/0x96141f67ade4b4e237bacbc010702fe4b917ed6deffb68af9efc40d360c551c8)