# \[FIP - 339\] Add the Curve CVG/FRAXBP pool to the FXS gauge controller

**URL:** <https://gov.frax.finance/t/fip-339-add-the-curve-cvg-fraxbp-pool-to-the-fxs-gauge-controller/2954>\
**Category:** Gauges\
**Created:** [March 12, 2024, 12:37pm UTC](https://gov.frax.finance/t/fip-339-add-the-curve-cvg-fraxbp-pool-to-the-fxs-gauge-controller/2954 "2024-03-12T12:37:53Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![Wireshark](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/wireshark/32/1270_2.png) [@Wireshark](https://gov.frax.finance/u/Wireshark)\
**Post date:** [March 12, 2024, 12:37pm UTC](https://gov.frax.finance/t/fip-339-add-the-curve-cvg-fraxbp-pool-to-the-fxs-gauge-controller/2954/1 "2024-03-12T12:37:53Z")

</div>

**Summary:**  
Add CVG/FRAXBP to the FXS gauge controller  
Curve pool address: [Curve.fi](https://curve.fi/#/ethereum/pools/factory-crypto-362/deposit)  
Pool: 0xa7b0e924c2dbb9b4f576cce96ac80657e42c3e42  
Gauge: 0x8a111b47b31bba40c2f0d2f9a8cf6b6c4b50114e  
Website: [https://app.cvg.finance/](https://app.cvg.finance/)  
Twitter: @Convergence\_fi

**Background:**  
Convergence is an agnostic “Convex-like” layer, currently deployed atop Stake DAO. In addition to the well-known “Convex-like” behavior of aggregation/optimization of underlying protocols, Convergence also gathers mechanisms inspired from Curve, and Olympus. Gauges and veTokenomics are used to drive emissions, and a _Bonding Program_ has been established. Bonds are used to build Protocol Owned Liquidity (POL) and a treasury that allows Convergence to ensure self-sustainability, but also to reward token holders with an intrinsic incentive mechanism that does not rely on underlying protocols’ aggregation.

Convergence’s main products are:

- a boosting layer for Curve LPs via Stake DAO
- a yield-bearing locked primitive that acts as a Curve ecosystem index (ysCVG)
- a governance aggregator (mgCVG)

**Motivation:**  
Convergence’s liquidity consists of 2 pools (CVG/WETH and CVG/FRAXBP), where the liquidity is almost entirely owned by the protocol as _Protolcol Owned Liquidity_.

The CVG/FRAXBP pool is a secondary pool, which purposes are the following:

- allowing users to buy CVG using stablecoins;
- being a farming venue for the treasury which will accumulate CRV CVX and FXS rewards that will be distributed back to ysCVG holders.

Thus, we are looking for a gauge on Frax to maximize earnings from the CVG/FRAXBP pool. The LP will be max locked on Convex/Frax, and vote incentives will be offered to veFXS holders on Votemarket. As previously mentioned, 80% of farmed rewards will be distributed back to CVG lockers who chose to lock their tokens for ysCVG.

**Voting:**

- For: Add the CVG/FRAXBP pool to the FXS gauge controller
- Against: Do nothing

---

<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:** [March 18, 2024, 5:49pm UTC](https://gov.frax.finance/t/fip-339-add-the-curve-cvg-fraxbp-pool-to-the-fxs-gauge-controller/2954/2 "2024-03-18T17:49:42Z")

</div>

This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0x12934a12766e93197720870909ff084e6274504d3f11c7be6b03c520c85f1afb)