# \[FIP - 342\] Ragequit rETH/frxETH with a 4% fee

**URL:** <https://gov.frax.finance/t/fip-342-ragequit-reth-frxeth-with-a-4-fee/3008>\
**Category:** FIPs\
**Created:** [March 26, 2024, 10:07pm UTC](https://gov.frax.finance/t/fip-342-ragequit-reth-frxeth-with-a-4-fee/3008 "2024-03-26T22:07:09Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![Mockingbird](https://avatars.discourse-cdn.com/v4/letter/m/c68b51/32.png) [@Mockingbird](https://gov.frax.finance/u/Mockingbird)\
**Post date:** [March 26, 2024, 10:07pm UTC](https://gov.frax.finance/t/fip-342-ragequit-reth-frxeth-with-a-4-fee/3008/1 "2024-03-26T22:07:09Z")

</div>

## Summary

Implement Convex FRAX rETH/frxETH ragequit function with a 4% fee.

## Background and Motivation

I own most of the liquidity in Convex FRAX rETH/frxETH, 93% of it. 219 days ago I decided to lock for 3 years, but the pool hasn’t received any rewards for some time and won’t receive any rewards from what I understand.

In all of this time, these have been my total claimed rewards plus my currently claimable ones: 8141,27 CRV + 67,16 CVX + 378,77 FXS. That’s a total of $9,073 before fees, which is 4% of my position value. Therefore, I’d give up everything I made there over 7 months and even lose some money.

This pool has almost no volume, so the protocol doesn’t benefit in any way from me providing liquidity there. On top of that, if I can leave the pool I’d be able to provide more liquidity in other FRAX pools (I’m already providing in several others), which would be mutually beneficial.

## Pool Details

Pool / LP Token : ETH: 0xe7c6E0A739021CdbA7aAC21b4B728779EeF974D9  
Convex FRAX vault: ETH: 0x8335EAd657C223A16F2cF8762FD88f8A3a32DbB8

# Vote

• For: Implement Convex FRAX rETH/frxETH ragequit function with a 4% fee.  
• 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:** [April 1, 2024, 4:51pm UTC](https://gov.frax.finance/t/fip-342-ragequit-reth-frxeth-with-a-4-fee/3008/2 "2024-04-01T16:51:22Z")

</div>

This proposal is up for voting: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0xc8a7d2ded098c2a3ae0f8f4a747595c5ea6eb05bc9e9b84c617ae26d03794718)