[FIP - 347] Add Squid/wfrxETH to FXS gauge controller on Fraxtal

Governance Proposals Gauges
1

Summary:

Add SQUID/wfrxETH to FXS gauge controller

Curve Pool Address: Curve.fi
Pool / Token: 0x277fa53c8a53c880e0625c92c92a62a9f60f3f04
Gauge: 0xe5e5ed1b50ae33e66ca69df17aa6381fde4e9c7e
Website: https://leviathannews.xyz/
Twitter: https://twitter.com/leviathan_news
Telegram: https://t.me/leviathan_news

Background:

Leviathan News is a collective of builders, investors, and crypto natives with an ear to the latest news, headlines and alpha. We run a popular TG channel with over 6k subs that publishes the latest and freshest headlines for crypto. We also have a daily livestream broadcast on Twitter and Youtube.

SQUID is a reward token distributed to everyone who makes Leviathan News operate. In our system, anyone can submit headlines to the News Bot in TG. Once approved, SQUID points are assigned and at the end of each month, we distribute SQUID tokens proportionally based on activity. For the previous month we had 124 active contributors to the news feed.

Motivation:

Leviathan is a big supporter of Frax, we cover it regularly on our channel and on the livestream. We want to build a strong base on Fraxtal for future growth and liquidity of the SQUID/wfrxETH pair to benefit Frax and the ecosystem as a whole.

Voting:

  • For: Add the SQUID/wfrxETH pool to the FXS gauge controller
  • Against: Do nothing.
1 Like
2

This proposal is up for voting here: Snapshot

3

Think new gauges on fraxtal should wait until boosting is available.

Maybe can still let this pass since it doesn’t have to executed immediately per say. But I would encourage waiting for boosting before deployment

4

That’s fine, we’re thinking long term with this gauge, so it’s no rush in waiting a few weeks for the boost system.